European market puts US to shame for Ford
30 January 2009

Ford of Europe has reported a pre-tax profit of just over $1bn (£700m) for 2008.

Profits for the first half of the year soared to $1.37bn (£950m) but declined in the second half of the year, with the company recording a $261m (£182m) loss.

Its record profit in Europe, up from $997m (approx. £700m) in 2007, is in stark contrast with Ford’s global loss for the fourth quarter of 2008.

The company lost $5.9bn (£4.1bn) in the last quarter of 2008, and a total of $14.6bn (£10bn) for the whole year.

Ford now intends to draw on $10bn (£7bn) of additional credit, which is expected to reach the company by Tuesday.

>> See our full gallery of pictures of the new Ford Ka

>> See pictures of the new Ford Fiesta

>> See the latest pictures of the Ford Focus RS

George Barrow

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Lexus LC500
    Car review
    20 October 2017
    Futuristic Lexus LC coupé mixes the latest technology with an old-school atmospheric V8
  • Maserati Levante S GranSport
    First Drive
    20 October 2017
    Get ready to trade in your diesels: Maserati’s luxury SUV finally gets the engine it’s always needed
  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK