Ford Reports largest Loss in their History

[TurboDuane]

Ford lost Billions this year, the largest they have every had. Sucks to be them, I hope they are able to recover. It would be sad to see them and Mazda disappear!

[Treibenschnell]

They'd probably spin all the peripherals off first... makes one !!

[Titus]

Ford lost Billions this year, the largest they have every had. Sucks to be them, I hope they are able to recover. It would be sad to see them and Mazda disappear!

Ford made $168 million in pre-tax profits for 2006 from their share of Mazda. I am pretty sure Ford would be able to sell it's share in Mazda long before it ever disappeared.

Mazda: For full-year 2006, Ford's share of the pre-tax profit of Mazda and associated operations was $168 million, compared to $255 million a year ago. The decline was more than explained by the non-recurrence of gains on Mazda convertible bonds in 2005.
For the fourth quarter, Ford's share of the pre-tax profit of Mazda and associated operations was $51 million, compared to $32 million a year ago, which primarily reflected favorable operating performance.

[Majik]

Doesnt ford have only like 34% in Mazda? Racing has noticed Fords losses too. This year Ford is not a major sponsor in the Champcar Worldseries. The engines are just badged Ford, but now they are also not using the Ford pacecar team.

[onething]

now they are also not using the Ford pacecar team.

WHAT? I'm staying home

[Majik]

WHAT? I'm staying home

I know you liked watching the girls flog the mustangs around the track. Now we get to see the 2 seat f1/champcar instead. That is what I hear.

[channelmaniac]

Wow... stock market took a dive on that too. Glad I sold stock yesterday instead of today.

[jeff_man]

Mazda sells better then ford so i think it will stay longer then some of there other "sub companys"

[RX7-2nr]

5.8 billion dollars just in the 3rd quarter.

http://money.cnn.com/2006/10/23/news...ion=2006102311

[pliablemoose]

Guess it shows what happens when you refuse to pay attention to your competitors.

I've always bought Ford pickups, am on my 5th one now, but the pickup market is a different ballgame than cars, and the pickup market is finally facing some competition, the new Toyota is pretty good on paper and the Nissan Titan is a decent full size truck.

The Ford products outside of pickups I've owned (Aerostar & a Sable) were inferior products.