Close

Ford Motor (F) Sees N. America Margins ~8% in FY14; Will Lose $1B in S. America This Year

September 29, 2014 3:12 PM EDT

Ford Motor (NYSE: F) sees FY14 North America margins near 8 percent, which is the low-end of the company's outlook. The company noted that a $500 million recall hurt performance.

The company also anticipates losing $1 billion in South America for FY14, largely attributable to inflation and currency crisis. The company also sees a large loss in 2015.

UPDATE - Ford is planning pre-tax loss of $1.2 billion in Europe this year. The company also said it will also lose $250 million in Europe during 2015, which is worse than expected.

Russia's auto market isn't expected to recover until 2016, executives said.

Ford sees it will profit $700 million in Asia this year and expects better profits in 2015. The company sees sales in Asia doubling by 2020 with margins rising to 12 to 14 percent over the same period.

Ford Credit sees $1.8 to $1.9 billion in 2014 and will give a $250 million dividend back to the company.

*** The company doesn't expect to meet 2014 profit goals and sees pretax profit at $6 billion for the year. That is expected to move up to $8.5 to $9.5 billion in 2015.

~~~~~~~~~~~~~~~~~~~~~~

Ford is hosting its 2014 Investor Day in Dearborn, Michigan, today. CEO Mark Fields, CFO Bob Shanks and other members of the senior leadership team will be presenting, and the event will include a question-and-answer session. The webcast, which will include audio and presentation materials, will be available at www.shareholder.ford.com. The audio of the event also may be accessed as follows:

Conference Call Access InformationToll Free: 1.877.280.4960International: 1.857.244.7317Passcode: Ford Investor Day

Replays – Available until Oct. 6, 2014Toll Free: 1.888.286.8010International: 1.617.801.6888Passcode: 11619123



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Guidance, Hot Corp. News

Related Entities

Dividend