He said it! What else could he say without reporting the numbers????
Ford CFO Says `Wonderful’ Profits Continued in Fourth Quarter
By Keith Naughton & Craig Trudell - Jan 14, 2013 6:27 PM ET.
Ford Motor Co. (F), which posted record North American profits in 2012’s third quarter, continued to generate strong earnings and cash flow in the fourth quarter, the company’s chief financial officer said.
“We’ve had a wonderful nine months, in terms of profitability, margin and generating very positive operating cash flow,” CFO Bob Shanks told reporters today in Detroit. “We’ll announce full-year results toward the end of this month, but I think the path that we’ve been on will continue.”
The union contract is in affect until 2015 (I believe) so until then the labor costs are known and stable. If the next few years result in profit sharing checks of $8,000-$12,000 the members will most likely agree to a similar contract with maybe the exception of no cap to profit sharing.