Tags: ford | thailand

Ford Sees Asia Region 2011 Loss after Thai Floods

Tuesday, 10 Jan 2012 04:59 PM

 

Share:
  Comment  |
   Contact Us  |
  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.

Share:
  Comment  |
   Contact Us  |
  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:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Chicken Pox Outbreak Locks Down Immigrant Facility

Thursday, 31 Jul 2014 12:26 PM

An outbreak of chicken pox has slapped a quarantine lockdown on a New Mexico detention facility housing 500 illegal immi . . .

Most Illegal Border Kids Relocated to Texas

Thursday, 31 Jul 2014 11:00 AM

Federal officials have placed more unaccompanied minors from Central America in Texas than any other state, according to . . .

Sudan Woman Who Faced Death over Faith Heads to US

Thursday, 31 Jul 2014 09:54 AM

A Sudanese woman who refused to recant her Christian faith in the face of a death sentence is heading to the United Stat . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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