Filed under: Ford, Volkswagen, Earnings/Financials Ford and Volkswagen have been traveling in different directions of late, with VW posting record earnings while Ford is losing cash by the billions. VW's momentum doesn't stop with cold, hard cash, either. The German automaker's first half year sales rose 7.2% to 3.31m, while Ford posted a free-fall of 11% to 3.09m. That gives team Fahrvergnugen a lead of 220,000 units in the first half of the year -- a very sizable margin. Part of the reason VW has been able to pass Ford is that the German automaker doesn't rely heavily on US sales, while the land of opportunity is Ford's largest market. VW also has a larger stake in the quickly expanding Chinese market, where Ford is still ramping up in the land of the Great Wall. Since the Blue Oval depends on the US for much of its sales, the second half of the year isn't looking much batter than the first half. Even with gas prices starting to retreat, analysts predict sales will continue to underwhelm for the duration of 2008. [Source: Free Press] Read | Permalink | Email this | Comments More...
I think they lost it since the 70's. At least in the U.S. , everywhere else Ford is doing good, not that great, but good enough.
I think ford is doing good. The biggest thing is the turnaround plan was put into effect how long ago and unlike the other two American automakers Ford has actually been able to post some profits in the last two years. It is good that Ford is doing good as it is beneficial to the US and Ford if GM and Chrysler do good also. Look at the Ford/GM transmission in the Fusion/Malibu, no scheduled maintenance for the life of the car.
