Congratulations to the entire Ford team for continuing to implement our plan and taking decisive action to increase our competitiveness and deliver profitable growth. Thanks to our efforts, today we are announcing our highest fourth quarter pre-tax profit in more than a decade. These results are driven by record North American fourth quarter and full year pre-tax profit and operating margin, and continued solid performance from Ford Credit.
By staying absolutely focused on our One Ford plan going forward, we will be able to continue to take advantage of opportunities and address challenges around the world. This includes continuing our growth in Asia Pacific and North America, transforming our business in Europe and introducing more new global vehicles in South America.
Our One Ford plan 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 click here to read the news release and 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 at 11 a.m. EST U.S. (2 p.m. São Paulo, 5 p.m. Cologne, 12 a.m. Shanghai).
One Team. One Plan. One Goal. One Ford.
Congratulations and thank you!