1Q financial Results

[TonyV]

From: Alan Mulally [mailto:Alan Mulally]
Sent: Tuesday, April 26, 2011 7:03 AM
To: The Ford Team
Subject: First Quarter Financial Results


The very strong first-quarter financial results we announced this morning are a reflection of our progress in implementing our One Ford plan. These results also are proof of our work together to deliver an exciting, viable, profitably growing Ford for all of our stakeholders.



We have made even more progress this quarter in introducing world-class products, strengthening our core business and investing for growth globally, despite uncertain economic conditions, including the recent tragic events in Japan . Congratulations to everyone for continuing to focus on our plan and take the decisive action that will increase our competitiveness and allow for long-term growth.



Our fundamental plan to deliver One Ford is working, and it remains unchanged:

•Aggressively restructure to operate profitably at the current demand and changing model mix
•Accelerate the development of new products that customers want and value
•Finance the plan and improve the balance sheet
•Work together effectively as one team, leveraging Ford’s global assets


It is important for all of us to read the attached news release and understand the progress we are making against our plan and our outlook for the future. We will meet with financial analysts and representatives of the news media throughout the day to discuss this information and answer questions. We also will discuss our results, accomplishments, challenges and opportunities ahead during today’s Global Town Hall at 11 a.m. EDT (5 p.m. Cologne , 11 p.m. Shanghai ).



One Team. One Plan. One Goal. One Ford.



Congratulations and thank you!

[marcus]

Did you see in the paper Ford makes 18000 profit on Each truck we make.

[30yearpace]

Ford Profits Highest in a DecadeBy: Zacks Equity Research
April 26, 2011 | Comments: 0
Recommended this article (2)
F | GM Print Share Ford Motor Co. (F - Analyst Report) flashed its first quarter 2011 earnings with a roaring 48% rise in profit to $2.61 billion from $1.76 billion in the same quarter of 2010. On earnings per share basis, profits rose 35% to 62 cents per share from 46 cents per share a year ago, thereby topping the Zacks Consensus Estimate by 12 cents per share.

This is a turnaround performance with respect to the fourth quarter of 2010, when the automaker recorded a 24% fall in profit. However, the company did not deprive their stockholders from enjoying a profit for seven straight quarters after years of losses. In fact, it posted a profit during the quarter that was the best since the same quarter in 1998.

The credit goes undoubtedly to the company’s One Ford plan, which relies on fuel-efficient lineups, continued investment in global assets, efficient management and strengthening of core businesses, which has offset the negative impact from not-so-favorable economic condition as well as earthquake and tsunami in Japan. We have seen Ford to be among the last major automakers to announce production shutdowns due to the natural disaster in Japan.

Total revenue during the quarter escalated 18% to $33.1 billion, surpassing the Zacks Consensus Estimate of $30.5 billion. The increase in revenues was attributable to a 12% rise in sales to 1.40 million vehicles. In March, the automaker topped General Motors (GM) for the second time since 1998.

During the quarter, the seasonally adjusted annual rate of sales was 13.4 million in the U.S. and 15.9 million units for the 19 markets that Ford captures in Europe. These led to a market share of 16% in the U.S. and 8.5% in Europe.

The rest is here: www.zacks.com/stock/news/51984/Ford+Profits+Highest+in+a+Decade+-+Analyst+Blog