FORD ANNOUNCES RECORD THIRD-QUARTER PROFITS
The Ford Motor Company has unveiled details of their strong recent financial performance, which may have come as a surprise to some in the sector. Despite recent troubles facing the automotive industry as a whole, the manufacturers have revealed that their sales of Ford Transit vans and other popular commercial and domestic vehicles have led to record third-quarter profits.
Globally, the group recorded an impressive profit of $2.2bn (around £1.4bn) before tax in the three months to October, which represents an increase in overall revenue of roughly 11 per cent on the same period last year.
Although the results can largely be attributed to increased production and sales in the USA, they do still bode well for the health of the company worldwide in the future, with their cars and vans in Dorset and elsewhere continuing to provide high quality and affordable transport for people throughout the UK.
Discussing Ford's 13th consecutive quarterly profit rise, the group's president and chief executive, Alan Mulally, said that he was confident of using these revenues to help create a ‘stronger brand' in Europe over the next few years.