Ford Motor Co. chief financial officer Allan Gilmour said the company was on track with its cost-cutting plan, that its automotive unit would have break-even results in 2003 and that Ford's credit arm would pay dividends to the parent company, according to a Reuters report.

Gilmour said on Jan. 10 it was expecting 2003 net income of about 70 cents a share, well above analysts' consensus estimates, Reuters said.

Based on those factors, "we expect our net income for the full year to be approximately 70 cents a share," Gilmour said in a meeting with analysts, according to Reuters.

The average of analysts' estimates for Ford in 2003 is 46 cents a share, according to Thomson First Call, Reuters noted.

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