Ford Motor Company (F) First Quarter Earnings: New Aluminum F-150 Sales Are ... - International Business Times
UPDATE April 28, 8:30 a. m. EDT: Click here to read Ford Motor's first-quarter earnings results. Despite a booming U. S. auto market that’s seen cars, SUVs and trucks rolling off dealer lots at a pace that’s been growing for five consecutive years, Ford Motor Company (NYSE:F) took a hit in 2014 as U. S. sales declined vs. rivals. Its share of the world’s second-largest car market retreated as General Motors, Toyota, Fiat Chrysler Automobiles and Honda gained -- a fact surely on investors’ minds as they anticipate Ford announcing its first-quarter results before market open... With Russia and South America in economic doldrums and European sales weak, the only place Ford experienced marked growth in 2014 was in Britain, where the Ford Fiesta is the country’s best-selling car, and China, where Ford’s presence is small... Analysts polled by Thomson Reuters expect Ford to report 16 percent higher net income for the first three months of the year compared to the year-ago period, to $1. 15 billion. Last week, General Motors Company ( NYSE:GM ) reported an earnings miss, including a $1. 8 billion loss in revenue attributed to sales earned in foriegn currencies. First it had to take its immensely popular F-150 out of production to upgrade two U. S. factories for the new aluminum-body 2015 F-150, driving down sales of the best-selling vehicle in the U. S. Second, low oil prices beckoned U. S. consumers... Source: www.ibtimes.com
