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Market Update : 
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.

 
Operator

Your next question comes from the line of Amy Wilson representing Automotive News. Please proceed.

Amy Wilson - Automotive News

Hi good morning. I just wanted to follow up on that non-core issue. I’m wondering if you can say whether you consider Volvo or your stake in Mazda is to be core versus non-core.

Alan Mulally

Our focus right now on Volvo is to improve their current business performance and we also have a very mutually beneficial relationship with Mazda. We don’t see that relationship changing going forward.

Amy Wilson - Automotive News

But you don’t want to put a label to them as to whether they’re non-core or core. Is that correct?

Alan Mulally

No.

Amy Wilson - Automotive News

Okay and then I just wondered if you could clarify for me, I was a little confused by what you were saying about the fourth quarter as far as the cash outflow. Were you talking about we can expect a bigger outflow in the fourth quarter than we saw in the third quarter?

Alan Mulally

It will be less I mean.

Amy Wilson - Automotive News

It will be less. Okay.

Alan Mulally

Because of the unique situation in the fourth quarter that Lewis described, especially that dramatic reduction in the truck production that we took to clear out the 2008 models, we have a very successful launch of the 2009.

Amy Wilson - Automotive News

Okay, was there a specific portion of it that you said would be higher or were you just talking about higher than the year 2007?


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