Interview with Ford CFO Robert Shanks following Q1 profit - FOX 10 News | myfoxphoenix.com

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.

 

  • Murray FeldmanMurray FeldmanMore>>

  • More than 600 file lawsuit against GM over ignition switches

    More than 600 file lawsuit against GM over ignition switches

    Wednesday, July 30 2014 4:04 PM EDT2014-07-30 20:04:48 GMT
    Another legal bump in the road for General Motors. Now, a lawsuit has been filed by more than 600 people. They say they had GM cars recalled for faulty ignition switches and suffered injures, or are related to someone who died in a crash. They filed the lawsuit because they say they are not covered in the victims compensation program. Their problems came apparently after the bankruptcy. the law suit was filed in New York.The lawsuit filed Tuesday in U.S. District Court names 29 people who wer...
    Another legal bump in the road for General Motors. Now, a lawsuit has been filed by more than 600 people. They say they had GM cars recalled for faulty ignition switches and suffered injures, or are related to someone who died in a crash. They filed the lawsuit because they say they are not covered in the victims compensation program. Their problems came apparently after the bankruptcy. the law suit was filed in New York.The lawsuit filed Tuesday in U.S. District Court names 29 people who wer...
  • Money Monday: Social media safety

    Money Monday: Social media safety

    Monday, July 7 2014 9:31 AM EDT2014-07-07 13:31:18 GMT
    The internet is like an elephant -- it never forgets. While spoken words leave little trace and are quickly forgotten, written words endure in the online environment. Whatever you post, tweet, update, share -- even if it's deleted immediately afterwards -- has the potential to be captured by someone, somewhere, without your knowledge.
    The internet is like an elephant -- it never forgets. While spoken words leave little trace and are quickly forgotten, written words endure in the online environment. Whatever you post, tweet, update, share -- even if it's deleted immediately afterwards -- has the potential to be captured by someone, somewhere, without your knowledge.
  • Money Monday: No one has a crystal ball on the market

    Money Monday: No one has a crystal ball on the market

    Monday, June 30 2014 10:44 AM EDT2014-06-30 14:44:05 GMT
    Jonathan Citrin of Citrin Group talks about how make investments after so-called experts were flat wrong about predicting how the market will perform.Play the video in the player to see his interview with Murray Feldman.Click here to learn more about the Citrin Group.
    Jonathan Citrin of Citrin Group talks about how make investments after so-called experts were flat wrong about predicting how the market will perform.Play the video in the player to see his interview with Murray Feldman.Click here to learn more about the Citrin Group.
  • 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>>

  • Federal sting ends in gunfire in Highland Park

    Federal sting ends in gunfire in Highland Park

    Friday, August 1 2014 10:27 PM EDT2014-08-02 02:27:28 GMT
    In what started as a traffic stop, resulted in a shootout between federal agents and a pair of men known to have illegal assault rifles in Highland Park.Police say a task force of ATF and FBI agents who had previously set up a meet with two men, known to have AK-47s and AR-15s in their Chevrolet Cavalier, began to move in. The traffic stop was made near Oakland and Victor about 7:30 p.m. Friday. The car rammed the federal agents vehicle and the driver opened fire with a handgun. The agents re...
    In what started as a traffic stop, resulted in a shootout between federal agents and a pair of men known to have illegal assault rifles in Highland Park.Police say a task force of ATF and FBI agents who had previously set up a meet with two men, known to have AK-47s and AR-15s in their Chevrolet Cavalier, began to move in. The traffic stop was made near Oakland and Victor about 7:30 p.m. Friday. The car rammed the federal agents vehicle and the driver opened fire with a handgun. The agents re...
  • Man arrested after trying to wrestle gun from officer in Detroit

    Man arrested after trying to wrestle gun from officer in Detroit

    Friday, August 1 2014 9:32 PM EDT2014-08-02 01:32:44 GMT
    A man was arrested after he went for an officer's gun trying to wrestle it away from Detroit Police, causing the weapon to fire.SkyFOX was over the scene on Manning Street in Detroit, where the incident occurred Friday,The bullet didn't hit anyone and police took a 27-year-old man from Roseville into custody.Police say the home was a known drug den, and when officers drove by the property -- four people ran from the home.The officer and suspect were treated at a hospital for non life threaten...
    A man was arrested after he went for an officer's gun trying to wrestle it away from Detroit Police, causing the weapon to fire.SkyFOX was over the scene on Manning Street in Detroit, where the incident occurred Friday,The bullet didn't hit anyone and police took a 27-year-old man from Roseville into custody.Police say the home was a known drug den, and when officers drove by the property -- four people ran from the home.The officer and suspect were treated at a hospital for non life threaten...
  • New DTE app lets users check their energy use

    New DTE app lets users check their energy use

    Friday, August 1 2014 7:59 PM EDT2014-08-01 23:59:24 GMT
    Joel Miller, a senior strategist with DTE Energy, gave us some insight -- on DTE insight. The new, free smart phone app helps customers see their energy use hour by hour -- or minute by minute."By studying your data and by looking around your home you can discover what things are using energy," Miller said. Then, you make choices -- replace appliances or physically turn off whatever's not needed -- or is wasting energy, and save money on your energy bill in the process."I think for a lot of u...
    Joel Miller, a senior strategist with DTE Energy, gave us some insight -- on DTE insight. The new, free smart phone app helps customers see their energy use hour by hour -- or minute by minute."By studying your data and by looking around your home you can discover what things are using energy," Miller said. Then, you make choices -- replace appliances or physically turn off whatever's not needed -- or is wasting energy, and save money on your energy bill in the process."I think for a lot of u...
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices