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 Ford Delivers Record Third Quarter Pre-Tax Profit of $2.6 Billion; Improves Full Year Guidance

DATE: Will be calculated from "Release Start Date" field.

Congratulations! The outstanding quarterly results we are announcing today are further evidence that our One Ford plan continues to deliver and build momentum.

As a result of our commitment to serving customers around the world and delivering profitable growth, we are announcing a record third quarter pre-tax profit. We also are improving our expectations and guidance for full year pre-tax profit and Automotive operating margin.

Our third quarter earnings are driven by volume and revenue growth across our business, with market share increases in all regions. We reported continued strong results in North America, record third quarter profit for Asia Pacific Africa, profit in South America and continued solid performance by Ford Credit. We also are celebrating the first combined profit for regions outside North America since the second quarter of 2011.

Our results also are proof that our transformation plan in Europe is on track to return to profitability by mid-decade, as Europe substantially reduced its loss compared with a year ago and the second quarter.

We will continue our laser focus on serving customers with vehicles delivering the very best quality, fuel efficiency, safety, smart design and value through our One Ford plan, which remains unchanged:

• Aggressively restructure to operate profitably at the current demand and changing model mix

• Accelerate the development of new products that customers want and value

• Finance the plan and improve the balance sheet

• Work together effectively as one team, leveraging Ford’s global assets

It is important for all of us to read the news release below and to understand the progress we are making against our plan and our outlook for the future. We will meet with financial analysts and representatives of the news media throughout the day to discuss this information and answer questions.

We also will discuss our results, accomplishments, challenges and opportunities during today’s Global Town Hall meeting, conducted outside of Dearborn for the first time ever in Shanghai. The video of the Global Town Hall will be available to view by 10 a.m. in Dearborn, 11 a.m. in São Paulo, 4 p.m. in Cologne and 10 p.m. in Shanghai.

One Team. One Plan. One Goal. One Ford.

Congratulations again, and thank you!

Alan 

Read the full press release here.
 
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10/24/2013 7:00 AM