Monday, July 24, 2006
Ford US posts losses but Europe is back in the black
Ford has posted an unexpected second quarter loss as sales of SUV models slumped due to high US fuel prices.
The carmaker also suffered charges for employee buyouts.
Net losses for the quarter reached $123m (£66m) compared to a profit of $946m for the same period last year.
Ford of Europe is on course to make a profit. Year-to-date figures show the division is in the black to the tune of $196m.
DATED: 24.07.06
FEED: MT
The carmaker also suffered charges for employee buyouts.
Net losses for the quarter reached $123m (£66m) compared to a profit of $946m for the same period last year.
Ford of Europe is on course to make a profit. Year-to-date figures show the division is in the black to the tune of $196m.
DATED: 24.07.06
FEED: MT
