Ford started in North America and it remains dependent on North America.
The Board of Directors of Ford Motor Company declared a Q3 dividend of $0.125 per share on the company’s outstanding Class B stock– controlled by the family – as well as shares of publicly traded common stock. This is the same dividend paid in Q1 and Q2 of 2014, which was a 25% increase from the dividend paid in each quarter of 2013.
Last December Ford Motor said that 2014 earnings would be lower than originally forecast – projected at $7 to $8 billion, due in part to an ambitious launch schedule with $7.5 billion in capital expenditures.
Full year 2013 Ford Motor pre-tax profits were $8.6 billion, an increase of 3 generic provigil million compared with a year ago. This was one of the best years in FMC history, with strong revenue growth but lower than projected margins, improved market share in all regions except Europe, and despite recalls and warranty expenses on some of its best selling models, including the Escape.
Full year 2013 earnings of $1.62 per share were an increase of 21 cents. Net income of $7.2 billion, or $1.76 per share, was higher than a year ago, including pre-tax special item charges of $1.6 billion and favorable tax special items of $2.2 billion. Ford sold 6.33 million vehicles during 2013.
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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.
