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Ford Motor Company Shows Poor Australian Numbers


Ford Motor Company (NYSE:F) has recorded its financial results for Australia in 2011.

Ford Motor Company Shows Poor Australian Numbers

Despite $102 million of state and federal government support last year, Ford Motor Company (NYSE:F) has reported its worst financial result in decades with a $290 million after tax loss.

Ford Motor Company (NYSE:F) Australia chief financial officer Mark Rearick said, “The operating loss is primarily explained by one-off costs associated with a restructure of the Ford Motor Company (NYSE:F) Australia business, a continued industry-wide decline in the sale of large vehicles, and vehicle supply issues for both Ranger and Fiesta as a result of the Thailand floods.”

Ford Motor Company (NYSE:F) shares were at 10.61 at the end of the last day’s trading. There’s been a -17.6% movement in the stock price over the past 3 months.

Ford Motor Company Shows Poor Australian Numbers
Ford Motor Company (NYSE:F) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 4 out of 6 in the industry


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