|
|
|
|
|
|
Welcome to the Australian Ford Forums forum. You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated. |
|
|||||||
| The Bar For non Automotive Related Chat |
 |
|
|
Thread Tools | Display Modes |
03-05-2016, 08:45 PM
|
#1 | ||
|
FF.Com.Au Hardcore
Join Date: Feb 2009
Posts: 1,460
|
Ouch
Original story linkage http://www.wheelsmag.com.au/news/ind...loss-for-2015/  FORD Australia has posted a $162 million run of red ink in its last full year as an Australian car manufacturer. The Broadmeadows-based carmaker today filed its annual report for the 2015 financial year, revealing the costs of winding up its operations were still taking a toll on the company's bottom line. It compares with a $191 million loss posted in the 2014 financial year. It means the carmaker has accumulated almost $1.5 billion in losses over the last decade. Ford Australia's filings show it earned $2.76 billion from its sales in 2015, which was only $15 milion more than it earned in the 2014 calendar year. Government grants added $59.5 million to Ford's books. However, the bottom-line cost of its sales grew significantly, rising $152 million to $2.31 billion for the year. The other big loss weighing against the result was $300 million spent on research -- Ford Australia will keep its global design and engineering division beyond October's shut-down of its engine and vehicle manufacturing operations. The report shows that Ford Australia's provisions for warranty claims was also up for the year, rising from $56.0 million in 2014 to $61.2 million last year. The report is the first one filed using Ford Australia's new Richmond-based headquarters as the official address of the car company.
__________________
Before - ED Falcon Futura (sold) EL XR6 (R.I.P.) VX SS (R.I.P) VE Berlina |
||
|
|
|
03-05-2016, 08:51 PM
|
#2 | ||
|
Boss 335
Join Date: Jan 2006
Posts: 4,330
|
Very sad. Would like to see Team Red's books in contrast .
|
||
|
|
|
|
03-05-2016, 08:54 PM
|
#3 | ||
|
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,799
|
So r&d costs are now losses? Ah ok.
__________________
Daniel |
||
|
|
|
|
04-05-2016, 10:04 AM
|
#4 | |||
|
Donating Member
 
Join Date: Jan 2005
Posts: 5,876
|
Quote:
Look again 
|
|||
|
|
|
| This user likes this post: |
|
04-05-2016, 08:30 PM
|
#5 | |||
|
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,799
|
Quote:
__________________
Daniel |
|||
|
|
|
|
06-05-2016, 05:33 PM
|
#6 | ||
|
Regular Member
Join Date: Oct 2011
Location: Melbourne
Posts: 119
|
Yes in America they have made a record profit:
Profit Shifting to make the AU operations appear as not viable? "Ford, the No. 2 American carmaker, on Thursday reported a record $2.5 billion in net income for the first three months of the year, an increase of 113 percent and more profit than in any other quarter in its 112-year history. In North America, Ford’s operating profit doubled to $3.1 billion. It produced fewer vehicles on the continent than General Motors, but made about $800 million more in profit than its crosstown rival." http://www.nytimes.com/2016/04/29/bu...tomobiles&_r=0 |
||
|
|
|
Ford Australia posts $162m loss for 2015 ---Wheels---
Linear Mode
