The whole company must be managed by the most incompetent morons. Everything they touched shows red ink...
"18.9% slip to 166,835 cars and trucks from 205,671 a year ago also illustrated what many industry observers see as a product lull for the Dearborn, Mich. manufacturer as it pushes through its sweeping restructuring efforts.
"All of us at Ford are focused on restructuring our business to be profitable at lower volumes and offering more of the products people want, including more cars and more crossovers," said Mark Fields, president of The Americas division, in a statement.
The car side took the biggest hit, cut by a third to 55,842 vehicles with the Fusion and Crown Victoria the only Ford brands posting gains. The absence of the Taurus, a fleet favorite and top seller that Ford discontinued, took its toll as did steep declines for the Focus and Five Hundred sedans. Ford said it cut its rental car sales by 65% compared to a year ago.
Trucks fared slightly better but still slipped 9.7% to 110,993 vehicles. The F-Series truck, long the best-selling vehicle in the U.S., saw its sales fall 14.9% to 44,919 units as the competition heats up with new pickup offerings from GM and Toyota.
Ford said it expects softness in new home construction to negatively impact full-size pickup sales through the first half of 2007.
Losses also washed over the high-end Premier Auto Group division with Jaguar down 12.6%, Volvo off 11.7% and Land Rover slipping 7%."
"18.9% slip to 166,835 cars and trucks from 205,671 a year ago also illustrated what many industry observers see as a product lull for the Dearborn, Mich. manufacturer as it pushes through its sweeping restructuring efforts.
"All of us at Ford are focused on restructuring our business to be profitable at lower volumes and offering more of the products people want, including more cars and more crossovers," said Mark Fields, president of The Americas division, in a statement.
The car side took the biggest hit, cut by a third to 55,842 vehicles with the Fusion and Crown Victoria the only Ford brands posting gains. The absence of the Taurus, a fleet favorite and top seller that Ford discontinued, took its toll as did steep declines for the Focus and Five Hundred sedans. Ford said it cut its rental car sales by 65% compared to a year ago.
Trucks fared slightly better but still slipped 9.7% to 110,993 vehicles. The F-Series truck, long the best-selling vehicle in the U.S., saw its sales fall 14.9% to 44,919 units as the competition heats up with new pickup offerings from GM and Toyota.
Ford said it expects softness in new home construction to negatively impact full-size pickup sales through the first half of 2007.
Losses also washed over the high-end Premier Auto Group division with Jaguar down 12.6%, Volvo off 11.7% and Land Rover slipping 7%."
