Interview with Ford CFO Robert Shanks following Q1 profit - New York News

Interview with Ford CFO Robert Shanks following record first quarter profit

Posted: Updated:
Ford CFO Robert Shanks Ford CFO Robert Shanks
DEARBORN, Mich. (WJBK) -

Following a 1.6 billion first quarter profit, Ford CFO Robert Shanks talks to Murray Feldman about what the record means to the company now and moving forward.

Play the video to hear Shanks answer the following questions:

What is the strongest part of the company?

What is the weakest?

What about the Lincoln brand?  Will sales pick up with more product availability?

Do Wall Street expectations have any influence on the company?

Is the company forecasting another round of buyouts or will there be a period of hiring?

Ford says net income rose 15 percent in the first quarter to $1.6 billion as record North American profits overcame weakness in Europe and South America.

Revenue rose 10 percent to $35.8 billion.

Ford Motor Co. earned $2.4 billion in North America, where sales of its F-Series trucks and Fusion sedan and Escape SUV have been strong.

That offset a $462 million loss in Europe, where Ford's sales fell 20 percent during the quarter.

 

  • Local NewsLocal NewsMore>>

  • Skydiver dies after crashing into NJ backyard

    Skydiver dies after crashing into NJ backyard

    Sunday, April 20 2014 10:56 PM EDT2014-04-21 02:56:44 GMT
    New Jersey NewsNew Jersey News
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had over 300 jumps under his belt.
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had over 300 jumps under his belt.
  • Boxer Rubin 'Hurricane' Carter dies at 76

    Boxer Rubin 'Hurricane' Carter dies at 76

    New Jersey NewsNew Jersey News
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.
  • 2 children die in overnight NYC fire

    2 children die in overnight NYC fire

    Sunday, April 20 2014 6:57 PM EDT2014-04-20 22:57:33 GMT
    Police say 4-year-old half siblings have died in an overnight fire at a home in New York City, and the twin of one of the children has survived.
    Police say 4-year-old half siblings have died in an overnight fire at a home in New York City, and the twin of one of the children has survived.
  • Poll

  • Do you plan to buy a Ford product in the future?

  • Thank you for participating in our poll. Here are the results so far:

    Yes -- within the next year
    67%
    12 votes
    Yes -- within next two years
    22%
    4 votes
    No
    11%
    2 votes
  • Local NewsLocal NewsMore>>

  • Easter Sunday benefit for Steve Utash and crime victims

    Easter Sunday benefit for Steve Utash and crime victims

    Sunday, April 20 2014 11:46 PM EDT2014-04-21 03:46:19 GMT
    Since his near death beating by a mob, family, friends and total strangers have rallied around Steven Utash. The latest show of support was on Easter Sunday at Bethany Baptist Church in Detroit.
    Since his near death beating by a mob, family, friends and total strangers have rallied around Steven Utash. The latest show of support was on Easter Sunday at Bethany Baptist Church in Detroit.
  • Wanted suspect arrested for high profile crimes

    Wanted suspect arrested for high profile crimes

    Sunday, April 20 2014 11:43 PM EDT2014-04-21 03:43:01 GMT
    A wanted suspect connected to serious crimes in Metro Detroit is now in custody. Ray Slayton, 47, was arrested Sunday morning at a hotel in Warren on felony drug charges.
    A wanted suspect connected to serious crimes in Metro Detroit is now in custody. Ray Slayton, 47, was arrested Sunday morning at a hotel in Warren on felony drug charges.
  • Recall: Kraft Foods recalls 96,000 pounds of Oscar Mayer Classic Wieners

    Recall: Kraft Foods recalls 96,000 pounds of Oscar Mayer Classic Wieners

    Sunday, April 20 2014 9:36 PM EDT2014-04-21 01:36:39 GMT
    Kraft Foods is recalling approximately 96,000 pounds of Oscar Mayer Classic Wieners because the products may contain Classic Cheese Dogs in the Classic Wieners' packages.
    Kraft Foods is recalling approximately 96,000 pounds of Oscar Mayer Classic Wieners because the products may contain Classic Cheese Dogs in the Classic Wieners' packages.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices