Fleet News

Ford figures show improved efficiency

FORD of Europe was 'driving towards sustained profitable growth,' as a result of improved efficiency, reduced capacity and fixed costs and an acceleration of new models with 45 due over the next five years, according to Ford Motor Company president Jac Nasser, despite announcing profits for the second quarter of 2000 down from $206 million a year ago to $156 million.

Globally, Ford profits in the second quarter were a record $2.7 billion (1999: $2.48 billion). Ford Credit returned second quarter profits of $388 million, 16% up on 1999's period; and daily rental company Hertz reported record profits of $104 million, up 18%, of which Ford's share was $84 million.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee