Ford released its fourth quarter and annual earnings today and the amounts are the highest in more than a decade: full-year pre-tax profit of $8 billion, and net income of $5.7 billion. Ford generated $1 billion of positive automotive operating-related cash flow in the fourth quarter, which is its eleventh consecutive quarter of positive performance. “The Ford team delivered strong results once again, underscoring that our One Ford plan is working,” said Alan Mulally, Ford president and CEO.
Ford’s North America earnings increased $1 billion in pre-tax profit compared to its previous fourth quarter earnings. Looking at the entire year, the North America market set records for both pre-tax profit and operating margin, with increased volume and revenue as well. Ford estimates 2013 to be more profitable than 2012 with a ten percent operating margin. Continuing to match production with demand, Ford is able to produce a product line-up driven by a lean cost structure and industry-leading refresh rates.
Of course, it all boils down to the product, and Ford’s overall lineup in the U.S. is the strongest it has ever been. Here are the five best-selling Ford vehicles, instrumental to Ford’s earnings streak that will continue in 2013.
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