Ford expects to meet full-year target
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Manufacturing News, Source : TheManufacturer.com
Published : 17 Apr 2003 10:04
Ford Motor has reported a return to profit in the first quarter of the year and has confirmed that it expects to reach its full-year profits goal.
The world’s second largest carmaker announced a net income of $896 million for the first three months of the year, that’s 45 cents a share. Just a year ago, the company reported a $1.1 billion loss.
“Our first quarter performance demonstrates that the acceleration of our cost-cutting actions and the management team’s focus on improving our core business are making a difference,” said chairman and chief executive Bill Ford.
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