Driven by strong customer demand for its new vehicles – including the all-new Mondeo now being rolled out to Ford dealerships across Europe – Ford’s sales and market share in Europe continued to grow in January.

Ford Motor Credit Company reported a pre-tax profit of $1.9 billion in 2014, its highest since 2011, up from $1.8 billion a year earlier. The improvement is more than explained by higher volume, partially offset by unfavorable lease residual performance in North America and lower financing margin. Ford Credit’s net income was $1.7 billion in 2014, compared with $1.5 billion in the previous year. The increase in net income reflects favorable tax items recorded during the year.

Ford Motor Credit Company reported a pre-tax profit of $498 million in the third quarter of 2014, compared with $427 million a year earlier. The higher pre-tax profit was more than explained by higher volume, reflecting increases in nearly all financing products, including non-consumer and consumer finance receivables globally, as well as leasing in North America. Ford Credit’s net income was $718 million in the third quarter of 2014, compared with $272 million in the previous year. The increase was primarily driven by favorable tax items recorded in the third quarter.

Ford today announced a new Ford Blue Oval STEM Scholarship Program during the kickoff of its 30th annual High School Science and Technology Program (HSSTP). The new scholarship program will provide $500,000 in scholarships over four years to 50 students interested in pursuing degrees in science, technology, engineering or mathematic (STEM) fields.

Ford Motor Credit Company reported a pre-tax profit of $434 million in the second quarter of 2014, compared with $454 million a year earlier. The lower pre-tax profit was more than explained by a higher level of insurance losses from storm damage to dealer inventory. Ford Credit’s net income was $264 million in the second quarter of 2014, compared with $275 million in the previous year.

Ford Motor Credit Company reported a pre-tax profit of $499 million in the first quarter of 2014, compared with $507 million a year earlier. The change in pre-tax profit was driven by higher volume, reflecting increases in nearly all products globally, largely offset by unfavorable lease residual performance in North America. Ford Credit’s net income was $312 million in the first quarter of 2014, compared with $364 million in the previous year.

William Clay Ford, who helped steer Ford Motor Company into the modern era as an employee, director and influential member of the Ford family, died this morning at his home from pneumonia.

Ford Motor Credit Company reported a pre-tax profit of $1.8 billion in 2013, compared with $1.7 billion a year earlier. The improvement was more than explained by higher volume, primarily in North America, driven by an increase in leasing reflecting changes in Ford’s marketing programs, as well as higher non-consumer finance receivables due to higher dealer stocks. Partial offsets were higher credit losses due to lower credit loss reserve reductions in all geographic segments and unfavorable residual performance related to lower than expected auction values in North America. Ford Credit’s net income was $1.5 billion in 2013, compared with $1.2 billion in the previous year.