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Heard on Ford's (F -3.8%) earnings call: 1) No particularly good news from Ford Europe with 2013...

Heard on Ford's (F -3.8%) earnings call: 1) No particularly good news from Ford Europe with 2013 losses expected to mount to $2B. 2) Retail share of North American retail down 90 bps to 13.6% in Q4. 3) Structural costs may be higher in 2013 with unique one-time impacts, restructuring, and pension payments contributing. 4) Ford expects favorable pricing in all regions except for Europe. 5) U.S. industry-wide sales should be supported by a trend of drivers to replace older cars, an industry volume of 15M-16M is expected. Overall, 2013 global unit sales of 80M-85M is forecast. (webcast, slides .pdf)
Comments (2)
  • JoseV
    , contributor
    Comments (400) | Send Message
     
    I am a long investor in Ford and Ford fan but highly disappointed with today's Ford presentation of 2012 results although no one can complain about 2012 results including revenues and earnings which beat the Street. The problem was the 2013 Guidance which was horrible to say the least. I then sat in on the Earnings Conference call et al and was dismayed at the way Ford Management briefed and handled questions.

     

    Have to admit my faith in Ford management is shaken. Am wondering if others share the same feelings?
    29 Jan 2013, 12:34 PM Reply Like
  • jpmj4847
    , contributor
    Comments (510) | Send Message
     
    Management have proved their self in the past (bankruptcies), yes I'm shaken; but I'll not abounding ship any time soon. Be safe and cover your longes.jpmj4847
    29 Jan 2013, 04:07 PM Reply Like
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