Ford_News
07-26-2011, 11:01 AM
Filed under: Chrysler (http://www.autoblog.com/category/chrysler/), Ford (http://www.autoblog.com/category/ford/), Earnings/Financials (http://www.autoblog.com/category/earnings-financials/)
http://www.blogcdn.com/www.autoblog.com/media/2010/08/was3318882opt.jpg (http://www.mnfords.com/2011/07/26/ford-chrysler-report-quarterly-earnings/)
As we continue to pull the daily sheets from our Word of the Day calendar and accountants are busy counting the days of their fiscal calendars, the pencil pushers at Ford (http://www.autoblog.com/chrysler/) and Chrysler (http://www.autoblog.com/chrysler/) can rest easy for a moment because they just finished compiling the numbers for the second quarter.
Ford earned a net income of $2.4 billion in Q2, which is actually $201 million less than it had raked in by this time last year. The net income was affected by a reduction in staff, various dealership actions, pension settlements in Belgium and the move to eliminate the Mercury brand (http://www.autoblog.com/2011/01/05/fitting-retirement-grand-marquis-last-mercury-off-the-line/). The automaker enters the rest of the year with $32.2 billion in liquid assets, which will come in handy as Ford looks to expand its market share around the globe.
Chrysler as gone in a different direction than Ford for the second quarter of 2011. Compared to Q2 last year, the automaker is up 30 percent with net income of $13.7 billion. Chrysler's numbers should continue to grow as it releases new or redesigned models, and has paid off major debts (http://www.autoblog.com/2011/07/22/chrysler-repays-last-of-tarp-loans-six-years-ahead-of-schedule/) owed to the United States and Canadian governments.
Ready to take a deeper dive into the quarterly earnings for both automakers? Click past the jump for the full financial reports.Continue reading Ford, Chrysler report quarterly earnings (http://www.autoblog.com/2011/07/26/ford-chrysler-report-quarterly-earnings/)
Ford, Chrysler report quarterly earnings (http://www.autoblog.com/2011/07/26/ford-chrysler-report-quarterly-earnings/) originally appeared on Autoblog (http://www.autoblog.com) on Tue, 26 Jul 2011 13:00:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Permalink (http://www.autoblog.com/2011/07/26/ford-chrysler-report-quarterly-earnings/) | Email this (http://www.autoblog.com/forward/20000834/) | Comments (http://www.autoblog.com/2011/07/26/ford-chrysler-report-quarterly-earnings/#comments)
More... (http://www.autoblog.com/2011/07/26/ford-chrysler-report-quarterly-earnings/)
http://www.blogcdn.com/www.autoblog.com/media/2010/08/was3318882opt.jpg (http://www.mnfords.com/2011/07/26/ford-chrysler-report-quarterly-earnings/)
As we continue to pull the daily sheets from our Word of the Day calendar and accountants are busy counting the days of their fiscal calendars, the pencil pushers at Ford (http://www.autoblog.com/chrysler/) and Chrysler (http://www.autoblog.com/chrysler/) can rest easy for a moment because they just finished compiling the numbers for the second quarter.
Ford earned a net income of $2.4 billion in Q2, which is actually $201 million less than it had raked in by this time last year. The net income was affected by a reduction in staff, various dealership actions, pension settlements in Belgium and the move to eliminate the Mercury brand (http://www.autoblog.com/2011/01/05/fitting-retirement-grand-marquis-last-mercury-off-the-line/). The automaker enters the rest of the year with $32.2 billion in liquid assets, which will come in handy as Ford looks to expand its market share around the globe.
Chrysler as gone in a different direction than Ford for the second quarter of 2011. Compared to Q2 last year, the automaker is up 30 percent with net income of $13.7 billion. Chrysler's numbers should continue to grow as it releases new or redesigned models, and has paid off major debts (http://www.autoblog.com/2011/07/22/chrysler-repays-last-of-tarp-loans-six-years-ahead-of-schedule/) owed to the United States and Canadian governments.
Ready to take a deeper dive into the quarterly earnings for both automakers? Click past the jump for the full financial reports.Continue reading Ford, Chrysler report quarterly earnings (http://www.autoblog.com/2011/07/26/ford-chrysler-report-quarterly-earnings/)
Ford, Chrysler report quarterly earnings (http://www.autoblog.com/2011/07/26/ford-chrysler-report-quarterly-earnings/) originally appeared on Autoblog (http://www.autoblog.com) on Tue, 26 Jul 2011 13:00:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Permalink (http://www.autoblog.com/2011/07/26/ford-chrysler-report-quarterly-earnings/) | Email this (http://www.autoblog.com/forward/20000834/) | Comments (http://www.autoblog.com/2011/07/26/ford-chrysler-report-quarterly-earnings/#comments)
More... (http://www.autoblog.com/2011/07/26/ford-chrysler-report-quarterly-earnings/)