Tag: Dividend

By on May 13, 2010

After four straight profitable quarters, Alan Mulally’s forecast today of a “solidly profitable” 2010 shouldn’t come as a huge surprise. But, as Executive Chairman Bill Ford put it to Ford shareholders at the company’s annual meeting [via AP],

It is the very early days in our recovery. We still have a lot of debt

And he’s not kidding. As of the end of Q1 2010, Ford was carrying $34b in debt. And though Ford faces a higher cost of borrowing because of its staggering debts, Bill Ford was clear that he wouldn’t trade places with Ford’s Detroit competitors, which cleaned out their balance books, at the expense of government bailouts and accompanying PR problems. After all, while GM and Chrysler were rebuilding, Ford managed to outperform both of them last year by gaining sales and market share. And Ford’s leadership sees that momentum carrying forward into next year.

(Read More…)

Recent Comments

  • Bazza: He isn’t a “car guy”, as clearly evidenced by his comments, just an insecure troll with a...
  • bd2: The quality of materials in the prior gen Camry was worse, esp. prior to the refresh. Hyundai, did, however,...
  • volvo: For me a timely post. I was in a parking lot this afternoon and approached what I think was a 2016 or 17...
  • Bazza: Your constant Toyota trolling doesn’t change anyone’s impression of Ford, but thankfully for you...
  • sgeffe: Or it was the goons at the door, all saying “ve haff vays off making you talk!”

New Car Research

Get a Free Dealer Quote

Staff