Monday, November 2, 2009

Ford Projects 2011 results, Skipping 2010: The New Normal?

Bemused minds will wonder about this headline from about Ford:

Ford Earns $997 Million, Projects Solid 2011 Profit

Ford Motor Co., the only major U.S. automaker to avoid bankruptcy, posted net income of $997 million in the third quarter and its first operating profit since early 2008. Ford said it expects to be “solidly profitable” in 2011. . .

The automaker will project 2010 results when it releases full-year 2009 results, the company said in a statement. Booth declined to say whether Ford will have positive automotive cash flow next year.

How can Ford project 2011 before it projects 2010?

Of course, how can any company as cyclical as Ford project anything beyond this month?

Copyright (C) Long Lake LLC 2009

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