Here’s this week’s run-down of Ford Motor Company (NYSE:F) news briefings. Ford Motor Company (NYSE:F) company shares ended the week at 16.27 (as of 1/28/2011).
Weekly News Roundup: Ford Motor Company (NYSE:F)
Monday 24 January
Ford Motor Company (NYSE:F) India has reported record sales in 2010.
The official statement from Ford Motor Company (NYSE:F) India shows record sales levels standing at 83,887 units sold in the January-December period of 2010.
According to Mr Anurag Mehrotra, the vice president, Ford Motor Company (NYSE:F) India, the sales volume in 2010 has been tripled when compared with the 29,488 level from the same period in 2009.
The December sales in 2010 were up 172% compared to the same month results of 2009.
Tuesday 25 January
Ford Motor Company (NYSE:F) has announced a temporary layoff for 3,000 Dearborn workers.
The automobile giant said in a statement that the workers at its Dearborn Truck Plant will be on a temporary layoff for a week.
The shortage of parts is believed to be the reason behind this unscheduled layoff.
During the period, the workers will receive the unemployment benefits from Ford Motor Company (NYSE:F).
It’s worth noting, though, that layoffs due to a shortage of parts is very unusual in the history of Ford Motor Company (NYSE:F).
Wednesday 26 January
Ford Motor Company (NYSE:F) has announced a 28 percent rise in Middle East sales.
Compared to the business in 2009, Ford Motor Company (NYSE:F) has posted a 28 percent rise in the sales across the Gulf Cooperation Council (GCC) last year.
As the growth in the regional markets continues, the company is looking forward to a better result this financial year as well.
Bader Almana, managing director of Almana Motors, Middle East and Qatar dealers, said that, “For 2011, the Ford and Lincoln brands feature one of their most refreshed lineups ever. We are confident that our new vehicles will create considerable buzz at the motor show as customers get a first-hand look at the exciting new 2011 Ford Edge, the legendary Mustang with its two new power train offerings, the 3.7L V6 and 5.0L V8 GT, the award-winning new Ford Taurus and 2011 Lincoln MKX.”
Friday 28 January
Analysts have predicted that Ford Motor Company (NYSE:F) will post highest profit in 10 years.
As the motor vehicle giant is to post the annual report on Friday, result could end up being at the highest level since 2000.
Lower operating costs and increased sales have helped buoy the company to second place in the US car market.
The anticipated profit of $8 billion would be Ford’s NYSE:F) best since the $10.2 billion profit it posted back in 2000.
We will be monitoring the Ford Motor Company stock level for changes over the next few weeks.
