Ford momentum to continue through 2016
- January 15, 2016
- Posted by: Alan Feldberg
- Category: Industry News
Ford Motor has predicted 2016 results will emulate 2015’s record performance.
It expects to register pre-tax profits of near $11bn for 2015, and says this year’s figures will be equal to or higher than that.
As a sign of confidence, it’s issued an extra $1bn in dividends.
Mark Fields, chief executive, said, ‘As we close out 2015, we are benefiting from six consecutive years of consistently strong results, and our performance is allowing us to reward our shareholders.
‘This pattern of strong returns gives us a great platform to build on as we enter the year with a focus on strengthening our core business and engaging aggressively in emerging opportunities through Ford Smart Mobility.’
Last year’s record figures were delivered on the back of Ford trucks and SUVs, and it expects to maintain or increase an operating margin of 9.5% in North America during 2016.
The company will also launch a dozen new vehicles this year and is continuing to develop its electric fleet range, with the new Focus Electric expected to deliver an 80% charge in 30 minutes, with a 100-mile range.