DEARBORN (WWJ) – Ford earned $5.7 billion dollars in 2012, with North American operations leading the way. The $8.2 billion in North American earnings mean profit sharing checks averaging $8300 for workers.
“The Ford team delivered strong results once again, underscoring that our One Ford plan is working,” said Alan Mulally, Ford president and CEO. “We are well positioned for another strong year in 2013, as we continue our plan to serve customers in all markets around the world with a full family of vehicles — small, medium and large; cars, utilities and trucks — with the very best quality, fuel efficiency, safety, smart design and value.”
Ford’s North American operations had a profit margin of 10.4 perrcent, almost unheard of in the auto industry.
“I think that’s an outstanding result,” said Ford CFO Bob Shanks. “It just shows the ongoing effects of the restructuring we did over the past several years. As we look ahead at 2013, we’re still expecting a margin of 10 percent in North America, but we will have higher profits.”