FORD REPORTS STRONG SECOND QUARTER RESULTS; PRE-TAX PROFIT $2.9 BILLION; NET INCOME $1.9 BILLION

July 28, 2015 by Ford

DEARBORN, Mich., July 28, 2015 – Ford Motor Company NYSE: Ford today reported its 2015 second quarter financial results. View the press release here and visit shareholder.ford.com to view the slide presentation and access the webcast to Ford's second quarter earnings call, which begins at 9 a.m. EDT with Mark Fields, president and chief executive officer, and Bob Shanks, executive vice president and chief financial officer.

Highlights Include:

◾Outstanding second quarter; company on track for a breakthrough year

◾Pre-tax profit of $2.9B, up $269M or 10 percent from a year ago excluding last year's special item charges

◾Net income of $1.9B, up $574M or 44 percent from a year ago

◾After-tax earnings per share of 47 cents, up 7 cents from a year ago excluding last year's special item charges

◾Best Automotive quarterly profit since 2000

◾Wholesale volume up 2 percent, driven by North America and Europe

◾Automotive revenue about equal, with higher net pricing and volume offset by unfavorable translation effects of the strong U.S. dollar on international operations

◾Global market share grew to 7.6 percent, up one-tenth of a percentage point from a year ago

◾12 of 16 planned global new product launches completed; remainder on track

◾Introduced SYNC® 3, the all-new communications and entertainment system

◾Continued strong profit at Ford Credit; pre-tax profit of $506M

◾Ford Smart Mobility plan moved from research to start of implementation; Ford Credit launched car-sharing pilot in six U.S. cities and London