Purpose

I will try my best to provide detailed info on various cars and what is like to live with them, I have already produced a few for Jaguar-car-forums, I will do my best to be unbiased, but it will be hard for some cars. I will re-produce press releases and copy from other motoring news.

Thursday, 5 May 2016

The first quarter was an absolutely terrific start to the year for Ford - an all-time record for the company.

2016 FIRST QUARTER FINANCIAL RESULTS*
Pre-Tax ResultsNet
Income
RevenueWholesalesAutomotive
Operating
Margin
Automotive Operating-
Related Cash Flow
1Q 2016$3.8B$2.5B$37.7B1,720K9.8%$2.7B
B/(W)
1Q 2015
$2.1B$1.3B152K152K5 ppts$2.2B
"The first quarter was an absolutely terrific start to the year - an all-time record for the company, with very strong performance across the business. We're excited about our future and confident in our ability to deliver long-term growth and profitability, as we expand our business model to be both an auto and a mobility company."


Mark Fields, Ford President and CEO



HIGHLIGHTS
  • Record quarterly pre-tax profit of $3.8B, up $2.1B; net income of $2.5B, up $1.3B; after-tax earnings per share of $0.68, excluding special items, up $0.39 from a year ago
  • Strong Automotive operating-related cash flow of $2.7B, a first quarter record
  • Record Automotive pre-tax profit of $3.3B, up $2.0B; Automotive operations outside North America profitable in total
  • Record Automotive operating margin of 9.8 percent
  • North America quarterly record pre-tax profit and operating margin
  • Europe fourth consecutive quarterly profit and best quarter since 2008
  • Ford Credit continued to deliver strong results
  • Distributed $1.7B to shareholders including a regular quarterly dividend and a supplemental dividend of $1B
  • Global market share up two-tenths of a percentage point from a year ago at 7.1 percent with gains in North America, Europe and Asia Pacific
  • Launched new Fusion V6 Sport and announced plans for four all-new SUVs; on track for 12 global product launches
  • Announced Ford Smart Mobility LLC subsidiary to design, build, grow and invest in emerging mobility services
  • Became the first automaker to test autonomous driving in the snow
  • Ford named a World’s Most Ethical Company by Ethisphere Institute for the seventh year in a row; only automaker on the list
  • For 2016, continue to expect another strong year with sustained strong financial performance and returns and profitability across all parts of the business except South America

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