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Ford Posts Quarterly Loss of $284 Million, Its First Since 2003

Oct. 20 (Bloomberg) -- Ford Motor Co., the world's third- largest automaker, posted a $284 million quarterly loss, its first in almost two years as a lower sales of profitable sport- utility vehicles hurt its North American automotive business.

Ford's North American auto business reported a $1.2 billion pretax loss, the unit's fourth in the past five quarters. Its worldwide auto operations had a $1.3 billion pretax loss. U.S. sales of midsize and large SUVs fell as the average retail gasoline price rose to a record $3.06 a gallon in early September.

The complete story:

http://quote.bloomberg.com/apps/news?pid=1...fer=news_index#

S2k03

I can't drive by a ford dealership without seeing 40 Mustangs and 200 F-150s. I know the trucks are their best selling vehicles and have set some records but I think it is because of the numbers of F-150s that are made.

S2k03

I am also curious how GM is doing? I think they are having record losses as well.

Skuzzy

Scroll down car talk.

S2k03

My bad! Damn that one hell of a loss. Way to many trucks and cobalts as well. I tried to buy an 06' Z06 but I was told the dealers around Texas allocation was spoken for, for at least 1 year. I hear there were some available in Dallas but the dealers were wanting about 10k over MSRP. No thanks! The dealers also treat you like your buying a cobalt even when you are offering to shell out 65+k for the Z06.

s2kpdx01

Just be patient. In 6 months you can get one for MSRP and in 1 year you will be finding them for a discount.

Aze85

man, these american companies arent performing too well. ford, gm and adelphi are struggling.

Shinigami

What kind of records have the F150 set? From the reviews I've read, the car stinks :\

S2k03

It is the top selling vehicle in the world. Again, I think it owes a lot of this to just how many are built.

Slithr

Thou knowest not of what thou speakest.