Ford's bold claim: Yahoo!

Jump to Last Post 1-3 of 3 discussions (4 posts)
  1. fishskinfreak2008 profile image60
    fishskinfreak2008posted 8 years ago

    "Ford surprises with $1B profit; sees profit in '11".

    "The earnings came despite an $800 MILLION REVENUE DROP. But Ford said it cut costs by $1 billion during the quarter, accomplished through LAYOFFS in North America and Europe, REDUCED pension and retiree health care costs and improvements in productivity and product development.

    Chief financial officer Lewis Booth said the company took in $1.3 billion more than it spent in the quarter, an improvement over its $1 billion cash burn in the second quarter.

    "That's a huge deal," Booth said.

    Bottom Line: This recovery is likely to be VERY weak because, as the economy recovers, PEOPLE ARE STILL GETTING LAID OFF AND WITH UNEMPLOYMENT TOPPING 20 OR 25%, WHERE IS CONSUMER SPENDING GONNA COME FROM? CONSUMER SPENDING IS NECESSARY FOR SUSTAINED GROWTH

    1. MikeNV profile image77
      MikeNVposted 8 years agoin reply to this

      And CIT lost 2.3 billion of free tax payer money in the past year.  The Federal Government keeps feeding Giant Corporations and then puts the burden of economic recovery on the "little guy" through involuntary tax burdens to be redeemed at a later date.

      Consumers can not spend if they do not have jobs.  Where is this mentality that suddenly all the people losing their homes and their jobs will have money to drive an economic recovery through spending and borrowing.

      Credit card companies are now cutting limits and raising fees. The cost of borrowing is going up to the consumer.

      Too many Harvard Grads running the show.  Time to inject some common sense into the equation.

  2. Flightkeeper profile image69
    Flightkeeperposted 8 years ago

    If Ford is smart, and it has shown to be much more astute than the other 2, they better keep that billion $ in cash.  They contributed to increasing the unemployment rate and any sales that they got was attributed to Cash for Clunkers.  Let's see how they do next year.

  3. prettydarkhorse profile image63
    prettydarkhorseposted 8 years ago

    The growth as they say in the economy should trickle down to the people, in terms of savings and consumer spending. Christmas is in the offing let us see this quarter...

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)