Ford Announce Record Profits
Published Date: 30th Apr 2016
Ford have recorded quarterly pre-tax profit of $3.8Billion, up $2.1Billion from 2015, this is the best ever Q1 results in Ford‘s long History
Ford Motor Company on the Rise
Ford has set a new record, with quarterly pre-tax profit of $3.8 billion. North America saw record quarterly profits and a new increased operating margin of 12.9 percent. Ford delivered their best quarterly profit in Europe for 8 years, pulling in $434 million in the first 3 months of 2016. Revenue in Asia Pacific increased by 18 percent to $2.7 billion and pre-tax profits more than doubled. Ford Credit grew pre-tax profit too.
Mark Fields, Ford President and CEO Announced - “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.”
Bob Shanks, Executive Vice President and CFO – Announced - “The first quarter was outstanding, and we are confident in our ability to drive strong results globally. We expect 2016 to be a great year, and we plan to continue rewarding our shareholders through both supplemental and regular dividends as a part of our distribution strategy.”
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FORD MONDEO 2.0 Hybrid Titanium [X Pack] 4dr Auto
