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Ford’s Financial Release Strong in the First Quarter

Written by Staff. Posted in Ford News

Published on April 29, 2016 with No Comments

Today Ford Motor Company announced their 2011 first quarter net income to be $2.6 billion or 61 cents per share, this is an 11 cents per share from the first quarter in 2010. Ford’s dedication to fuel efficiency, global growth, and their overall core business model can definitely be given credit for the impressive income increase. Ford North America was not the only segment to see improvement, Ford Europe, South America, Asia Pacific and Africa also saw significant increases.

Ford President and CEO Alan Mulally said, “Our team delivered a great quarter, with solid growth and improvements in all regions. We continue to accelerate our One Ford plan around the world, delivering on our commitments to serve our global customers with a full family of best-in-class vehicles and deliver profitable growth for all, despite uncertain economic conditions.”

The One Ford transformation progresses in 2011 with new key products, a critical issue business focus, cost competitiveness, fuel efficiency and investment in new lucrative markets.

The Ford Outlook (to view full press release visit Ford Press Release)

* aggressively restructuring to operate profitably at the current demand and changing model mix
* accelerating the development of new products that customers want and value
* financing the plan and improving the balance sheet
* working together effectively as one team, leveraging Ford’s global assests

Ford’s Executive Vice President and Chief Financial Officer said, “Our business is improving as we acheive growth in volume and revenue, while maintaining our focus on increasing competitiveness. The quarter was another encouraging step as we invest for an even stronger business for the future.”

Article Source: www.fordinthenews.com

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Fords Magazine Staff is a group of car lovers, editors, and writers who have a passion for Ford Motors. Besides being all around car nerds and proud owners of Fords, our staff is dedicated to providing you breaking news, reviews, and tutorials.

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