SOURCE: Industrial Info Resources

April 28, 2008 06:00 ET

Ford Posts $100 Million First-Quarter Profit But Layoffs May Loom as Only Half of the Recent Buyout Offers Are Taken, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 28, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- During the first quarter of this year, Ford Motor Company (NYSE:F) posted a $100 million profit -- its first since the second quarter of 2007. Figures show that strong sales in South America and Europe helped the struggling automaker balance the weak U.S. market. At the same time, Ford had offered buyouts or early retirement packages to its 54,000 hourly United Auto Workers (UAW) employees, yet only 4,200 workers (8%) accepted the packages, about half of what the company was looking for.

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