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FORD POSTS SECOND QUARTER PRE-TAX OPERATING LOSS OF
$424 MILLION+; GAINS MARKET SHARE, REDUCES CASH OUTFLOW++
-Reported a pre-tax operating loss of $424 million, excluding special items, for the second quarter of 2009+ and net income of $2.3 billion, or $0.69 per share. Special items totaled a net gain of $2.8 billion, including a $3.4 billion gain related to debt-reduction actions
-Reduced Automotive structural costs by $1.8 billion, including $1.2 billion in North America+
-Strong new products drove market share gains in all regions – North America, South America, Europe and Asia Pacific Africa – while achieving further improvements in transaction prices and margins
-Ford’s customer satisfaction with vehicle quality reached its highest level in North America and now equals Toyota; Ford, Lincoln and Mercury brand vehicles had the fewest “things gone wrong” among all automakers; Ford leads the U.S. industry in Insurance Institute for Highway Safety “Top Safety Pick” awards
-Ended the second quarter with Automotive gross cash of $21 billion; operating-related cash outflow was $1 billion, an improvement of $2.7 billion from the first quarter of 2009+++
-Raised $1.6 billion by issuing 345 million new shares of common stock; completed actions to reduce Automotive debt by $10.1 billion
-Ford Credit reported a pre-tax profit of $646 million, compared with a pre-tax loss of $294 million a year ago+
-Ford remains on track, based on current planning assumptions, to achieve its key 2011 financial target
Mitsubishi Motors Philippines introduces the Montero Sport 2.5 GLS 4×4 with 5 M/T for serious off road fun.
What good is a 4×4 SUV if you can’t have fun with it? That’s why Mitsubishi Motors Philippines recently added in its Montero Sport line up, the GLS 4×4 with 5-speed manual transmission.
FIRST PLACE
# 2909 Celina Salvador
Hit the brake, a runner’s life is at stake!
SECOND PLACE
#0666 Marina Tandang
Listo ka, Buhay ay iisa
THIRD PLACE
#1332 Gabriel Salvador
When you run, wave to stop. When you drive, stop to wave!
OTHER WINNERS:
11 Jun 2009
Honda uses solar-powered lights in Sta. Rosa plant
Author: admin | Filed under: Auto News Update
Official launch of solar-powered lights led by Mr. Hiroshi Shimizu (7th from left), President and General Manager of HCPI, Mr. Norihito Yamashita(6th from right), Executive Vice President and Manufacturing Division Head of HCPI, Mr. Alfredo Magpayo (5th from left), Senior Consultant of HCPI and Mr. Mario Marasigan (6th from left), Energy Utilization Management Bureau Direction of the Department of Energy.
Honda Cars Philippines, Inc. (HCPI) recently held the official lighting of its solar-powered perimeter lighting facility in its manufacturing plant in Sta. Rosa, Laguna. Forty units of solar panels are installed to power twenty perimeter lamps around the factory.
Here are the official results of the 3rd AutoReview Run
5k
5k Sponsors
5k-mens-sponsors
5k-womens-sponsors
10k
Want to make a statement for ROAD SAFETY? People think that road safety is limited to motorists when in fact, it should be practiced by all road users… and that includes runners!
With the increasing number of runners out on roads doing practice runs, training runs or LSDs (long slow distances), the probability of vehicular accidents also increases. We need to keep our roads safe for all users, motorists, cyclists, runners and pedestrians. We need to make a statement and make ourselves heard.
You may now register online. Simply complete the form below and email a scanned copy of your deposit slip to registration@autoreview.ph with the subject “REGISTRATION [Last Name]” OR fax it to 742-3091.
Account Name: Reynaldo and Aurora de los Reyes
Account Number: BPI 000319-0314-72
Wait for the confirmation email for your registration. You may then claim your race kits on the race day.
14 May 2009
Goodyear, Auto Companies Support the 3rd Auto REVIEW Road Safety Run
Author: admin | Filed under: Events
Goodyear Philippines has signed up as the main presentor of the 3rd Auto Review Run for Road Safety and Courtesy to be held on May 24 at McKinley Hill at Bonifacio Global City Taguig.
“The event’s objective of promoting safety, discipline and courtesy on the road jibes well with Goodyear’s own road safety advocacy and commitment to relevant safety innovations through a portfolio of tires for the discerning Filipino consumer,” says Ramon Barredo, Goodyear Philippines’ marketing director.
