On Sat, Mar 20, 2010 at 6:57 PM, Jean Laeremans <[email protected]> wrote: > On Sat, Mar 20, 2010 at 11:40 PM, Publius Maximus > <[email protected]> wrote: > > "Dearborn-based Ford reported its worst three-month performance ever > in the second quarter, when it lost nearly $8.7 billion. > > The cash burn _ in which a company spends more money than it takes in > _ was far higher than the $2.1 billion Ford used up in the second > quarter. > > Ford said the cash burn primarily reflected pretax automotive losses, > changes in working capital and payments to its credit arm to reduce > interest rates for buyers. It was exacerbated by sales drops and > production cuts of 500,000 fewer vehicles from second-quarter levels, > resulting in $3 billion less in incoming cash for the quarter." > > Going from strenght to strenght i'd say
<http://www.thestreet.com/story/10694520/ford-gm-toyota-on-the-road-to-recovery.html> ... Ford(F), for one, watched its February sales increase 43% year-over-year to 142,285 vehicles, outpacing competitor General Motors for the first time in years. S&P equity analyst Efraim Levy believes that Ford is benefiting from a combination of troubled peers and favorable and improving brand perception. Indeed, Ford continues to look increasingly better in the eyes of consumers as recalls by its peers keep arising. Among those competitors suffering recall issues is, of course, Toyota, which has recalled about 8.5 million vehicles over sudden and rapid acceleration problems; General Motors, which has recalled 1.3 million vehicles due to power steering issues; and Chrysler, which has recalled 300,000 vehicles due to problematic airbags. For Ford, it's a gift that just keeps on giving. On Wednesday, Nissan(NSANY) became the next automaker to issue a big recall of about 540,000 vehicles primarily in the U.S. market. The issue at hand is its brake pedal pins and fuel gauges. Levy expects "solid market share gains for the month as both retail and fleet sales were strong" for Ford. Ford stock has soared more than 596% in a 52-week period. Of course, that's not to say that rival General Motors didn't also gain significant traction in February. The automaker, despite the billions of dollars it still owes taxpayers, reported an 11.5% increase year-over-year to 141,951 vehicles, while its four core brands -- Chevrolet, Cadillac, Buick and GMC -- watched sales improve 32.2%. "In my mind, the biggest winner was General Motors," David Silver of Wall Street Strategies writes in a note to investors. "It announced a 1.3 million vehicle recall but that shouldn't spoil the party for a great month. General Motors (more so than Chrysler) has come back with a vengeance." Still, like Levy, Silver continues to consider Ford to be his favorite automaker, all around, in the industry. ... --- - Publius > > A+ > jml > -- "It ought never to be forgotten, that a firm union of this country, under an efficient government, will probably be an increasing object of jealousy to more than one nation of Europe; and that enterprises to subvert it will sometimes originate in the intrigues of foreign powers, and will seldom fail to be patronized and abetted by some of them. Its preservation, therefore ought in no case that can be avoided, to be committed to the guardianship of any but those whose situation will uniformly beget an immediate interest in the faithful and vigilant performance of the trust." [Federalist Papers #59] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
