They enlarge the losses of Ford in 2006
The American Group Ford, closed a Jericho of losses with 9,770 million euro, the highest figure of losses in its history, after in 2005 obtained benefits for 1,077 million euro.
The explanation that given by the executives of Ford aims at the prices originated by the restructuration that is confronting the group in North America that have reduced in 9,900 million dollars of the results of 2006.
The restructuring plan of Ford known in United States as ‘Way Forward’, preview the elimination of 44,000 jobs and the closing of 16 installations to recover the profit value in the region.
The counselor delegate of the business, Alan Mulally, I aim that Ford initiated in 2006 an aggressive plan to manage to do profitable with the business of transport and to obtain thus to operate with profit value, smaller volume and greater weight of efficient vehicles “we Recognize our reality and we are on it.
We have a plan and we are executing it”, added. Not only the sales they have felt itself also the billing with what the figure of business of was situated the past year in 160,100 million dollars (123,154 million euro), being reduced a 9.5% in comparison with the preceding period. Ford sold everywhere a total of 6.59 million vehicles in 2006, a 2.5% less.
The American market continues representing the main problem that impedes to the group to leave the red numbers. One must add to the bad results of the group them obtained by the financial division of the group, Ford Motor Credit, traditional point of support of the results of the group that reduced the past year its net profit a 32%, to situating it in 1,300 million dollars (1,000 million euro). The results in the European continent have improved of substantial form in 2006 contributing a benefit of 469 million dollars (360 million euro), multiplying for more than six the profits of the previous year. Also it improved the situation of the group in South America, where Ford obtained a benefit of 551 million dollars, a 38% with respect to the preceding period.
The marks premium of the group -Premier Automotive Group (PAG)- lost 327 million dollars (251.5 million euro), almost five times more on the ‘red numbers’ of 2005.
For this year 2007 the forecast of Ford aims at a reduction in United States of its levels of production to the ones that will add the reduction of extraordinary expenses.
