Ford (F) did not gain much ground during Q4. The company reported a 2007 fourth-quarter net loss of $1.30 per share, or $2.8 billion. This compares with a net loss of $2.98 per share, or $5.6 billion in the same period a year ago. Ford’s fourth-quarter revenue, excluding special items, was $45.5 billion, up from $40.3 billion a year ago. The increase reflected changes in currency exchange rates, higher net pricing, and improved volume.
In the period, North America Automotive operations reported a pre-tax loss of $1.6 billion, compared with a loss of $2.7 billion a year ago. The improvement primarily reflected higher net pricing, and improved volume and mix
During Q4, Ford’s South America operations posted a pre-tax profit of $418 million, up from $114 million a year ago.
For the fourth quarter, Ford Europe pre-tax profits were $223 million, up from $218 million a year ago.
The company’s premier auto group reported a $59 million profit, compared with $174 million in the same period a year ago. The decline was more than explained by Volvo, primarily reflecting adverse currency exchange rates, product mix,
Douglas A. McIntyre
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