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Thursday, June 28, 2012

ALERT: Ford says operating profit will be 'substantially lower' in Q2 due to overseas pressure

BREAKING NEWS ALERT June 28, 2012
 
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Ford says operating profit will be 'substantially lower' in Q2 due to overseas pressure
Ford said its pretax operating profit will be “substantially lower” in the second quarter because of increasing losses in Europe, South America and Asia. Ford will be profitable and have positive operating cash flow in the three months ending June 30, the automaker said today in a filing with the U.S. Securities and Exchange Commission.
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