Tags: ford | thailand

Ford Sees Asia Region 2011 Loss after Thai Floods

Tuesday, 10 Jan 2012 04:59 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Ford Motor Co will report a loss in the Asia Pacific region in 2011 because of the impact of last year's floods in Thailand, the company said on Tuesday.

Ford Chief Financial Officer Lewis Booth told an analyst conference in Detroit that the company was affected by the floods in Thailand that for weeks closed a Ford-Mazda Motor Co joint-venture plant.

Booth made his comments to auto industry analysts at a conference on the sidelines of the Detroit auto show.

Ford Chief Executive Alan Mulally, speaking at the same conference, affirmed that Ford will show a better pretax operating profit in 2011 than it did in 2010.

Ford is in a joint venture in Thailand for its auto assembly plant with Mazda Motor Co. That plant was shut for several weeks due to the floods.

Previously, Ford had said it would show a profit in its three global regions: Asia-Pacific, North and South America, and Europe.

Ford shares were down 4 cents at $11.76 in early afternoon on the New York Stock Exchange.

 

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Boehner's Christmas Carol Celebrates a GOP Congress

Thursday, 18 Dec 2014 23:15 PM

Republican House Speaker John Boehner put his own political spin on "a Christmas reading" on his YouTube page Thursday,  . . .

Dershowitz: Hollywood Should Have Followed Rushdie Example

Thursday, 18 Dec 2014 22:29 PM

Hollywood should have rallied around Sony Pictures and released "The Interview" jointly online, says Harvard law profess . . .

Army Pulls ROTC Job Posting Requiring Christian Candidates

Thursday, 18 Dec 2014 22:18 PM

The Army has pulled a job posting at an Illinois religious college that required leaders of its ROTC program to be Chris . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved