Ford: Gain in Autos But Weaker '05 Profit
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Ford Motor Co. F.N on Tuesday said  its automotive business was gearing up for bigger profits this  year, but overall earnings will fall due to weaker results at  its financial services unit.
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Detroit: The Ford Motor Company has surprised analysts by offering a brighter outlook for the third quarter and 2004 earnings, even as it announced it was swinging the axe at its luxury Jaguar division.
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Ford Motor Co. F.N on Thursday  reported a quarterly profit, reversing a year-earlier loss, as  earnings from its finance arm offset weak automotive  operations.
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Ford Motor Co. expects lower earnings in 2005 because of a drop in profits at its financial services arm, which contributed heavily to 2004 results, but the nation's second-largest automaker predicts robust growth from its automotive businesses. Its shares rose nearly 2 percent.
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DETROIT -- Ford Motor Co.'s U.S. auto sales fell 3.9 percent in January, even when compared with a weak performance a year ago, while Nissan Motor Co. sales dropped 7.3 percent.
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Ford Motor Co.  on Tuesday reported a higher-than-expected quarterly profit on strength in its finance arm.
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Ford Motor Co. (FN: Quote, Profile, Research) reported a stronger-than-expected quarterly profit on Tuesday, but losses widened in its core automotive business
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The automaker predicts better profits in 2005.
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Ford Motor Co. F.N on Tuesday  reported a higher-than-expected quarterly profit on strength in  its finance arm.
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Ford Motor Co.  on Tuesday posted a 5.4 percent fall in U.S. vehicle sales for January, its eighth straight month of weaker results, as stronger sales of its new cars failed to offset falling SUV and minivan sales.
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DETROIT - Ford Motor Co. posted weaker US vehicle sales for August Wednesday and cut its fourth-quarter production, while its rival Chrysler posted a fifth straight month of stronger results.
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Chrysler Group and Ford Motor Co.   on Tuesday reported steep declines in July vehicle sales, a  drop expected to cost both U.S. automakers share in a weaker  market overshadowed by concerns about fuel efficiency and high  gasoline prices.
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NEW YORK : A better-than-expected profit outlook from Ford juiced up trading on Wall Street, with gains capped by a lackluster reading on consumer sentiment and a fresh rise in oil prices.
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DETROIT -- General Motors Corp. and Ford Motor Co. reported disappointing US sales yesterday, prompting the nation's two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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Lower sales may aid GM and Ford's return to profitability.
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General Motors Corp. (GM.N: Quote, Profile, Research) and Ford Motor Co. (FN: Quote, Profile, Research) on Wednesday posted weaker US vehicle sales for October after
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Ford said it was hurt by a decline in showroom sales. G.M., meanwhile, said its domestic sales rose more than 5 percent and Nissan posted a 6.3 percent increase in U.S. sales.