During 2015 Ford Motor Company posted a record full year pre-tax profit, excluding special items, of $10.8B, up $3.5B. After-tax earnings per share of $1.93, excluding special items, were up $0.59 cents from a year ago. Full year net income at $7.4 billion increase$6.1 billion. After-tax earnings per share of $1.84 increased $1.53 from a year ago.
The strong results came from the automobile businesses with full year Automotive pre-tax profit of $8.8 billion, up $3.3 billion. All business units, with the exception of South America were profitable. North America and Ford Credit were notably successful.
Global market share increased two-tenths of a percentage point from a year ago at 7.3%, with improvement in South America and Europe. Ford was the number one brand in vehicle sales in the U.S. for 2015. While the real money maker – F-Series – had its 34th straight year as the best-selling vehicle in the U.S.
For Motor also had a record full year Automotive operating-related cash flow of
$7.3 billion, including $2.1 billion in the fourth quarter.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
