Ford expects record ’15 pre-tax profit, strong ’16
- 8 years ago
Nearly a decade after Ford Motor Co. mortgaged nearly every part of its company including the iconic Blue Oval itself in a fight for survival the automaker is poised to make the most money in its 112-year history.
Ford on Tuesday said it expects a record pre-tax profit in the upper half of its expected $10 billion-$11 billion range, and that it thinks 2016 will be “equal to or higher.”
President and CEO Mark Fields made the news Tuesday evening at a presentation at the annual Deutsche Bank Global Auto Industry Conference to analysts and investors.
“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,” Fields said.
Ford on Tuesday said it expects a record pre-tax profit in the upper half of its expected $10 billion-$11 billion range, and that it thinks 2016 will be “equal to or higher.”
President and CEO Mark Fields made the news Tuesday evening at a presentation at the annual Deutsche Bank Global Auto Industry Conference to analysts and investors.
“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,” Fields said.