2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-03 21:17
US automaker Ford has made good progress on the way out of the red. The drastic savings have cost thousands of employees their jobs.
The second largest US automaker, Ford, is gaining momentum on its way out of the red. In the final quarter of 2007 Ford halved the minus, mainly through cost reductions, to 2.8 billion dollars (1.9 billion euros). Ford is hoping for further enormous savings from a new severance pay program for another thousands of employees.
In the entire past year, Ford drastically reduced the loss from 12.6 to 2.7 billion dollars, as the company announced on Thursday in Dearborn, Michigan. Revenue increased 7.7 percent to $ 172.5 billion. In the final quarter it rose 9.4 percent to $ 44.1 billion.
Except in the home market of North America, Ford made profits in all regions in the core business with cars. In addition to Ford, the other two US automakers are also struggling with red numbers and falling sales at home. Ford wants to further reduce the loss in the current year. For 2009 as a whole, Ford expects profits again according to previous plans.
According to reports, Ford wants to part with up to 13,000 employees via severance payments. On its restructuring course, the group had already cut around 40,000 jobs in the past year alone. (dpa)
Recommended:
Mercedes E 200 Natural Gas: Cut Fuel Costs In Half
Mercedes offers two particularly economical models of the E-Class. They come to CO2 emissions of significantly less than 120 grams per kilometer
Government Wants To Cut Company Car Tax For Electric Cars In Half
The purchase premium for electric cars was disappointing. The government is now trying to increase sales of e-cars by halving the company car tax
Environmental Groups: Cut The Number Of Cars In Half
Environmental associations and the car industry discussed more climate protection in traffic in Berlin. But they did not agree. They are too contrary
Yamaha FZ6 Fazer: Half Athlete, Half Tourer
Yamaha has completely revised its bestseller. With the new Fazer 600, a motorcycle has come out that delivers on the performance of an athlete
Half Fish, Half Meat
Subaru has picked an unusual new target group for its first and only sport utility vehicle: women. After all, they were valid
