Great Mustangs

In the first three quarters of 2007, Ford Motor Company earned $88 million – an increase of about $7 billion over the same period a year ago. Performance highlights:

• Ford North America
  • On plan to return to North American profitability in 2009 by ramping up new product introductions while reducing capacity and structural costs.
  • Ford’s U.S. hourly work force cut by 23,100 positions and salaried workforce by 7,600 jobs.
  • Manufacturing capacity reduced by nearly 1 million units since the end of 2005.
• Ford Europe
  • Pre-tax earnings, excluding special items, so far this year totaling $774 million, and has posted six consecutive quarters of year-over-year profit improvement.
  • Sales through November were up 5.4 percent across 21 major markets.
• Ford South America
  • Earned $754 million in the first three quarters of 2007, and has posted 15 consecutive profitable quarters.
  • Market share has reached 10.4 percent, up from 8.4 in 2001
• Ford Asia Pacific & Africa
  • Ford China sales up more than 27 percent year to date.
  • Small car assembly and engine plant opened in Nanjing, China to produce vehicles for Ford, Mazda and Changan.
  • Announced $500-million expansion of Auto Alliance Thailand for B-car production.
• Ford Motor Credit Company
  • Ford Motor Credit Company on track to earn about $1.3 billion to $1.4 billion in pre-tax profits in 2007 excluding market valuation adjustments from derivatives.
• Mazda
  • In March, announced Mazda’s new, four-year mid-term plan – the Mazda Advancement Plan (MAP) – for fiscal years 2007 through 2010.