Looks like the recovery just keeps rolling along. I think their profits might be taking a hit also because of the fire problems with their Escape autos. They manage to come up with a rolling fire ball every once in a while.
Ford Quarterly Profit May Fall by Half on Overseas Losses
By Keith Naughton - Apr 26, 2012 4:17 PM ET
Ford Motor Co. (F), the second-largest U.S. automaker, tomorrow may report that first-quarter profit slid by almost half as earnings in North America couldn’t overcome losses in the automaker’s international operations.
Net income may have fallen to $1.34 billion, the average of seven analysts’ estimates compiled by Bloomberg, down 48 percent from $2.55 billion a year earlier. Profit excluding some items may have fallen to 36 cents a share, according to the average of 17 analysts’ estimates, from 62 cents a year earlier.
Ford may have lost $225 million in Europe and Asia, according to Brian Johnson, a Barclays Capital analyst. In North America, operating earnings may have totaled $1.8 billion, as Chief Executive Officer Alan Mulally’s push to boost fuel economy paid off amid rising U.S. gasoline prices, the analyst said.