DEARBORN, Mich. (AP) — Ford Motor Co. enjoyed one of the best years in its history in 2013, but the celebration won't last long.
Ford has already warned that profits will be down this year as it launches a record 23 vehicles and builds seven plants around the world. It's anticipating 13 weeks of down time — up from five in 2013 — at its two U.S. pickup truck plants to prepare for the launch of a new aluminum-clad F-150. And instability in South America and price competition in the U.S. are constant threats.
10. Ford increases full-year guidance after strong 3Q - Friday, October 18, 2013
DEARBORN, Mich. (AP) — Ford is raising its full-year profit guidance after a strong third quarter that saw improving sales worldwide, including in past trouble spots like Europe and South America.
Ford earned $1.3 billion, or 31 cents per share, down 14 percent from a year ago. The decline was due to special items, including a $250 million charge for restructuring in Europe. Without those, Dearborn-based Ford Motor Co. reported a pretax profit of $2.6 billion, or 45 cents per share. That was a record for the third quarter.
11. Ford raises profit forecast on strong 2Q results - Friday, July 19, 2013
DEARBORN, Mich. (AP) — Ford Motor Co. reported better-than-expected earnings for the second quarter and raised its profit and sales forecasts for the year as strong U.S. pickup truck demand and growing sales in China offset persistent — but narrowing — losses in Europe.
12. Ford's first quarter profit up 15 pct to $1.6B - Friday, April 19, 2013
DEARBORN, Mich. (AP) — Ford Motor Co. reported a better-than-expected $1.6 billion profit in the first quarter as growing demand in the U.S. and China for its new vehicles helped overcome steep losses in Europe and South America.
13. Ford earns $1.63 billion in 3Q - Friday, October 26, 2012
DEARBORN, Mich. (AP) — Ford's third-quarter profit eased 1 percent to $1.63 billion as European losses swamped record North American profits.
Ford Motor Co. said Tuesday its per-share net income was 41 cents, unchanged from the July-September period a year earlier. Before special items, it earned 40 cents, beating Wall Street's forecast of 30 cents, according to analysts polled by FactSet.
14. European losses hurt Ford 's 2Q profit - Friday, July 20, 2012
DEARBORN, Mich. (AP) — Plummeting sales in Europe — and no hope for a quick fix in the troubled region — hurt Ford's second-quarter profit and forced the company to lower its full-year earnings forecast.
15. Fitch restores Ford credit to investment grade - Friday, April 20, 2012
DETROIT (AP) — The Fitch Ratings agency lifted Ford's credit rating from junk status to investment grade Tuesday, a sign that the company's recovery from near collapse is almost complete.
But Ford Motor Co. needs another agency, either Standard & Poor's or Moody's, to make the same upgrade before it can get its blue oval logo, factories and other assets out of hock.
16. 2 Key leaders in Ford's renaissance will retire - Friday, February 10, 2012
DETROIT (AP) — Two key leaders in Ford's remarkable turnaround are retiring.
Lewis Booth, chief financial officer, and Derrick Kuzak, product development chief, will leave the company April 1.