Interview with Ford CFO Robert Shanks following Q1 profit - FOX 32 News Chicago

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>>

  • 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.
  • A CEO's exit interview: Alan Mulally on his 8-years at Ford

    A CEO's exit interview: Alan Mulally on his 8-years at Ford

    Wednesday, June 25 2014 4:17 PM EDT2014-06-25 20:17:56 GMT
    Five short videos in what could be described as an exit interview to the media.  For business people of all kinds, there is some real insight to be had here as Murray Feldman poses questions that go beyond the auto industry.  Alan Mulally is candid with his answers.
    Five short videos in what could be described as an exit interview to the media.  For business people of all kinds, there is some real insight to be had here as Murray Feldman poses questions that go beyond the auto industry.  Alan Mulally is candid with his answers.
  • 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>>

  • Grosse Pointe Park's new farmer's market seen by some as a barrier to Detroit

    Grosse Pointe Park's new farmer's market seen by some as a barrier to Detroit

    Monday, July 28 2014 11:25 PM EDT2014-07-29 03:25:26 GMT
    Some Detroiters are calling for a boycott of Grosse Pointe Park after the city built a farmer's market that they believe cuts off access to and from Detroit.
    Some Detroiters are calling for a boycott of Grosse Pointe Park after the city built a farmer's market that they believe cuts off access to and from Detroit.
  • Detroit teen recovering after basketball accident at park

    Detroit teen recovering after basketball accident at park

    Monday, July 28 2014 10:51 PM EDT2014-07-29 02:51:50 GMT
    A Detroit teen is seriously hurt after an accident at a Detroit park. He has a long road to recovery ahead, but has a strong support system that isn't giving up hope.
    A Detroit teen is seriously hurt after an accident at a Detroit park. He has a long road to recovery ahead, but has a strong support system that isn't giving up hope.

  • Man shot, killed during carjacking on Detroit's west side

    Man shot, killed during carjacking on Detroit's west side

    Monday, July 28 2014 10:37 PM EDT2014-07-29 02:37:16 GMT
    A man was shot to death in an attempted carjacking on Detroit's west side, according to police.
    A man was shot to death in an attempted carjacking on Detroit's west side, according to police.
Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

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