Ford Media Center

Ford Reports Strong Second Quarter Results; Pre-Tax Profit $2.9 Billion; Net Income $1.9 Billion

 

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    DEARBORN, Mich., July 28, 2015 – Ford Motor Company [NYSE: Ford] today reported its 2015 second quarter financial results. View the press release here and visit shareholder.ford.com to view the slide presentation and access the webcast to Ford’s second quarter earnings call, which begins at 9 a.m. EDT with Mark Fields, president and chief executive officer, and Bob Shanks, executive vice president and chief financial officer.

    Highlights Include:

    • Outstanding second quarter; company on track for a breakthrough year
    • Pre-tax profit of $2.9B, up $269M or 10 percent from a year ago excluding last year‘s special item charges
    • Net income of $1.9B, up $574M or 44 percent from a year ago
    • After-tax earnings per share of 47 cents, up 7 cents from a year ago excluding last year’s special item charges
    • Best Automotive quarterly profit since 2000
    • Wholesale volume up 2 percent, driven by North America and Europe
    • Automotive revenue about equal, with higher net pricing and volume offset by unfavorable translation effects of the strong U.S. dollar on international operations
    • Global market share grew to 7.6 percent, up one-tenth of a percentage point from a year ago
    • 12 of 16 planned global new product launches completed; remainder on track
    • Introduced SYNC® 3, the all-new communications and entertainment system
    • Continued strong profit at Ford Credit; pre-tax profit of $506M
    • Ford Smart Mobility plan moved from research to start of implementation; Ford Credit launched car-sharing pilot in six U.S. cities and London

    About Ford Motor Company

    Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, as well as connected services. Additionally, Ford is establishing leadership positions in mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 182,000 people worldwide. More information about the company, its products and Ford Credit is available at corporate.ford.com.

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