* Michigan - Trucks and SUVs power the record for Ford Motor Company
-- Ford Motor Company said on Thursday that its net income increased fivefold in 2015 to $7.4 billion, including a $1.9 billion net profit for the fourth quarter... Excluding special items, Ford earned $0.58 per share in the fourth quarter, soundly trouncing the $0.46 per-share Wall Street estimate. Revenue for the fourth quarter jumped to $40.3 billion, beating Wall Street's estimate by nearly $4 billion... It was an outstanding quarter for Ford nearly across the board. In North America, Ford earned $2.03 billion before taxes. As CEO Mark Fields emphasized during the company's conference call, Ford has been reaping the benefits of the big new-product push that dented results in 2014. The new Ford-2015 F-150 has been a big success, and Ford's Edge and Explorer SUVs have been posting big sales numbers for months now... Those new products have helped margins. Ford's average transaction prices in North America were up $2,200 in 2015 versus 2014, Fields noted. Ford's operating margin in North America was 8.2% in the fourth quarter, 10.2% for the full year...
(IMAGE SOURCE: FORD MOTOR COMPANY. - THE NEW-FOR-2015 FORD F-150 MADE A BIG CONTRIBUTION TO THE COMPANY'S BOTTOM LINE FOR THE YEAR) -- Dearborn, MICH, USA -- TMFMarlowe/Motley fool, by John Rosevear - Jan 28, 2016Labels: truckmakers news USA
![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
0 Comments:
Post a Comment
<< Home