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Ford Motor Q3 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 11:03 PM ET December 02 2008


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Ford third quarter net loss of $129 million or 6 centa share compared to a loss of $380 million or 19 cents in the prior year on one-time gain of $2.2 billion. Revenue in the quarter fell 22% to $32.2 billion. Ford North America reported a net loss of $2.2 billion, $1.6 billion increase.

 
Thank you.

Alan Mulally

Another great program by the U.S. government, to get this credit flowing again for all of us.

Operator

Your next question comes from the line of Jeff Bennett representing Dow Jones Newswires. Please proceed.

Jeff Bennett - Dow Jones Newswires

Good morning just a quick question Alan, on non-core assets that you are looking to continue to look to sell those, what would you now classify as a non-core asset and also could you also explain your stance regarding Volvo now, just based on the deterioration that continues to affect them?

Alan Mulally

You bet our focus on Volvo is clearly to improve their current business performance and we are really working on the new vehicles, especially on the premium side, and we are also, as you can see today, we continue to move decisively on the cost structure and the productivity. But that’s our main focus with Volvo. And with all of our assets we are continuing to focus on the Blue Oval around the world and we are always looking at all of our assets to make sure we are divesting of the ones that are not key to our long-term growth.

Lewis Booth

Within non-core assets we are also looking at some sale of land and buildings that we are not using. We are obviously continuing to work our ACH plan. So there are a lot of little things in there.

Jeff Bennett - Dow Jones Newswires

Great and then just lastly on the, no you answered that question. Thank you very much.

Alan Mulally

Well thank you.

Operator

Your next question comes from the line of Bill Koenig representing Bloomberg News. Please proceed.

Bill Koenig – Bloomberg News

Good morning.
Alan Mulally

Hi Bill.


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