Ford announces profit of 3 billion dollars in the last quarter of 2013

Ford announces profit of 3 billion dollars in the last quarter of 2013

Ford, which plans 23 launches in 2014, announced a profit of $ 3 billion in the last quarter of 2013, representing an increase of 90% over the same period of 2012.

Net income for the full year of 2013, meanwhile, jumped to $ 7.2 billion, up from $ 5.7 billion in 2012, while profits before tax payments totaled $ 6.9 million .

The substantial results of increases in income will give greater participation to employees, a record of about $ 8,800, on average, to 47 thousand workers. This makes 2013 the best year for revenue sharing in the history of Ford, with a total of 414 million dollars will be paid as part of the company's profit sharing scheme.

According to the Automotive News website, much of the profit from Ford in the last quarter of 2013 was due to tax benefits totaling $ 2.1 billion. The total profit would also have been higher if there was no significant recall of Escape , and matters of factories in South America

Total sales of vehicles, in turn, came to 2,485,236 units in the U.S. alone, representing an increase of 11 percent. But not everything is perfect, since European losses still accounted for $ 1.6 billion in Q4 alone, though that figure is 8% lower than last year.

The market in South America also recorded losses of $ 126 million in losses in South America, but below the $ 145 million profit in 2012. According to Automotive News, these losses can be attributed to decreased production of factories in Brazil and Venezuela.

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