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[C o s m o]

QUOTE(lordvader129 @ Mar 17 2006, 02:07 PM)

BTW, ford reported 1.6b in losses last year (i dont know if thats for all ford companies or just ford itself) i wonder what daimler chrysler reported

FORD MOTOR CREDIT netted 2billion in profit in 2005.

[lordvader129]

QUOTE(C o s m o @ Mar 20 2006, 12:47 PM)

FORD MOTOR CREDIT netted 2billion in profit in 2005.

hmm, they reported 3.5 billion in 04, so maybe thats where the claim of loss came from

[C o s m o]

QUOTE(lordvader129 @ Mar 20 2006, 04:51 PM)

hmm, they reported 3.5 billion in 04, so maybe thats where the claim of loss came from

That could be it.  A lot of business also base their "loss" on actual profit vs. projected profit; "Projected net profits were $3 billion, and we only profited $2 billion...therefore we suffered a $1 billion loss last year!"  Genius...I hate big business.

What I heard in a story on NPR was that Ford lost money in manufacturing and selling automobiles, but made money on the credit side.