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.
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
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
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
• 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!
Read the full press release here.