A LOOK AT FORD
A LOOK AT FORD
Ford is aggressively implementing its ONE Ford plan to create an exciting and viable company that is delivering profitable growth for all of its stakeholders. As the auto industry recovers from a historic downturn, Ford is emerging as a lean and nimble company that is winning new customers around the world with world-class cars and trucks.
Recent Business Highlights:
- Earned $5 billion in the first half of 2010 and has now reported a pretax operating profit for
four consecutive quarters - All Ford business units – North America, South America, Europe, Asia Pacific Africa and
Ford Credit – were profitable in the first half of 2010 - Generated $6.9 billion in Automotive operating-related cash flow over past four quarters
- Completed the sale of Volvo to sharpen focus on the core Ford brand around the world
- Strengthened balance sheet by paying back $7 billion in debt in the second quarter;
by 2011, Ford expects to move to a net Automotive cash position - Ford is the only major U.S. automaker approved for the Department of Energy’s Advanced
Technology Vehicles Manufacturing Incentives Program, having received a $5.9 billion credit
line for the development of fuel-efficient vehicles - On track to in-source 1,975 hourly jobs to Ford plants by 2012, exceeding pledge to the UAW
by more than 25 percent - Announced plans to invest $450 million to produce a new hybrid and plug-in hybrid at its
Michigan Assembly Plant beginning in 2012; Michigan Assembly is adding 1,000 new jobs - Committed to invest $400 million in Chicago Assembly Plant, creating 1,200 new jobs
to support production of the new Ford Explorer - Announced investment in two Michigan parts plants of $135 million to support production
of electric vehicle components, creating 220 new jobs - Invested $155 million in Cleveland Engine for new fuel-efficient powertrains
Recent Product Highlights, Accolades and Sales:
- Launched the new global Fiesta small car in the U.S.
- Launched the Figo economy small car in India
- Debuted new Explorer SUV with at least 30 percent better fuel economy
- Announced aggressive vehicle electrification strategy to launch five new electric, hybrid and plug-in hybrid vehicles in the U.S. by 2012 and in Europe by 2013; Transit Connect Electric debuts this year
- Preparing launch of the new global Focus, which will be sold around the world
- 2010 Fusion Hybrid and Transit Connect won North American Car and Truck of the Year respectively
- Ranked No. 1 among non-luxury brands in the 2010 J.D. Power and Associates Initial Quality Study; Ford won an industry-leading five segment awards in the J.D. Power APEAL study
- Insurance Institute for Highway Safety awarded Ford seven Top Safety Picks for 2010, tying the industry high
- Ford has gained U.S. retail market share in 21 of the past 22 months
- Launched MyFord Touch and MyLincoln Touch driver connect technology
- Announced plans to bolster Lincoln with seven new or refreshed vehicles within four years
# # #
