Ford has done better than $25 million

Ford has done better than $25 million Loss in the third quarter of this year was much lower than expected and 10 times less than for the same period a year ago, when the group was short of $326 millionFord continues to make anything other than the manufacture of cars. The production unit of concern remains the most unprofitable in the third quarter loss amounted to $609 million (before taxes). The main loss brought European branch, which was short of the $452 millionThe main items of income Ford, as in the previous period, began lending operations, which knows a subsidiary of Ford Credit, and passing cars, which deals Hertz rental car. First brought into the corporate Treasury Ford $504 million, and the second $186 millionFord has warned that Q4 is going to tackle the restructuring of the European division and will send $550-600 million investment in addition to the $56 million allocated in the third quarter.As we previously reported, Ford intends to hold a significant reduction in its European staff. Representatives of the concern, in particular, announced the elimination 6700 jobs.17.10.2003.



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