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03-05-2016, 08:45 PM
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FF.Com.Au Hardcore
Join Date: Feb 2009
Posts: 1,460
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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.
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Before - ED Falcon Futura (sold) EL XR6 (R.I.P.) VX SS (R.I.P) VE Berlina |
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03-05-2016, 08:51 PM
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Boss 335
Join Date: Jan 2006
Posts: 4,330
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Very sad. Would like to see Team Red's books in contrast .
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03-05-2016, 08:54 PM
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IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,799
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So r&d costs are now losses? Ah ok.
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Daniel |
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04-05-2016, 10:04 AM
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Donating Member
 
Join Date: Jan 2005
Posts: 5,826
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Quote:
Look again 
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04-05-2016, 08:30 PM
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IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,799
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Quote:
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Daniel |
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06-05-2016, 05:33 PM
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Regular Member
Join Date: Oct 2011
Location: Melbourne
Posts: 119
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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 |
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Ford Australia posts $162m loss for 2015 ---Wheels---
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