- Net income $1.0B, down $1.2B from a year ago; Total company adjusted pre-tax profit $1.4B, down $1.7B
- Earnings per share $0.24, down $0.31 from a year ago; adjusted earnings per share $0.26, down $0.26
- 2016 Guidance: Ford continues to expect total company adjusted pre-tax profit to be about $10.2 billion
- Global market share of 7.5 percent, down one-tenth of a percentage point from a year ago
- Ford Credit delivered best quarterly profit since 2011
- Automotive segment operating cash flow $(2.0)B, down $4.8B from a year ago
- Automotive segment pre-tax profit $1.1B, down $1.7B
- Automotive segment operating margin 3.3 percent
- Strong cash and liquidity including Automotive cash of $24.3B; cash net of debt $11.2B and total liquidity $35.2B
- Launched first all-new F-Series Super Duty in 18 years, as well as the flagship Lincoln Continental; on track for 12 global product launches in 2016
- Europe delivered $138M pre-tax profit, sixth profitable quarter in a row and best 3Q since 2007
- Ford remains Europe’s best-selling commercial vehicle brand
- Asia Pacific delivered a record 3Q pre-tax profit of $131M, up $109M from a year ago
- Ford surpassed 1 million sales in Asia Pacific following record August sales
- Ford Smart Mobility LLC invested in Zoomcar, the car-sharing leader in India
- Distributed $600M to shareholders in a regular quarterly dividend
- Global Lincoln sales up 17 percent from a year ago
- Year-to-date, net income $5.4B, down 2 percent, and adjusted pre-tax profit $8.2B, up $53M
”This quarter, we delivered key elements of our growth plan by fortifying our core business with the launch of the all-new Super Duty pickup, transforming Lincoln with the new Continental and investing in emerging opportunities with the acquisition of the Chariot crowd-sourced shuttle service.
Importantly, we remain on track to deliver one of our best profit years ever.” Mark Fields, President & CEO.
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