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Ford Motor Company Delivers Breakthrough in 2015 with Record Full-Year Pre-Tax Profit; Ford of Europe returned to profitability
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Dearborn (ots) - The details of Ford of Europe's return to profitability in 2015 have been announced today by Ford Motor Company in its 2015 fourth quarter and full year financial results.
Bob Shanks, Executive Vice President and CFO, Ford Motor Company, said on the European transformation: "Europe had a great full year with a pre-tax profit of $259 million, a significant year-over-year improvement of $850 million. We expect Europe profitability to continue to grow in 2016, and we will take further action on cost to improve our breakeven, help offset increasing regulatory costs and invest in profitable, growing product segments and mobility services."
Attached is the global news release which includes dedicated sections per region, including Europe, as well as the dial in numbers for the media and analyst call hosted by Mark Fields, CEO, and Bob Shanks, CFO, at 15:00 CET today.
Ford Motor Company