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Announced plan with joint venture partners in China to invest $500 million for a new engine plant in Chongqing that will more than double capacity
Announced Ford and Mazda will invest $350 million in the AutoAlliance Thailand joint venture compact pickup plant in Thailand
Announced plan to launch eight new vehicles in India by mid-decade and export Ford Figo from India to 50 markets
As a result of competitive agreements at several U.S. plants, Ford is bringing in-house approximately 2,000 hourly jobs
Completed sale of Volvo Car Corporation to Zhejiang Geely Holding Group as the company continues to implement its One Ford plan
Continued actions to reduce debt by paying down $2 billion of the drawn amount of the revolving credit line
Revealed the full family of Focus body styles at the Paris Motor Show,[link widoczny dla zalogowanych], including the global Focus?ST, and SYNC for Europe. The new Focus will roll out in North America, Europe and Asia Pacific Africa starting next year
The new Ford Edge and Lincoln MKX went on sale in North America with MyFord Touch and MyLincoln Touch technology
Launched sales of the Fiesta in Thailand in September as Ford continued introducing the vehicle across Asia and the Americas
Unveiled reinvented Explorer SUV with more than 30 percent fuel economy improvement over current model.? Explorer will go on sale in North America later this year
Announced new family of F-150 powertrains that will deliver improved fuel economy and capability
Launched sale of all-new C-MAX and freshened Mondeo in Europe
2010 U.S. model lineup earned eight Top Safety Picks from the Insurance Institute for Highway Safety.? Ford has the most Top Safety Picks of any automaker
Reported a 9 percent sales increase in the U.S. and gained 1.3 percentage points of market share,[link widoczny dla zalogowanych], including strong performances from F-Series, Taurus, Fiesta and Edge
Ford of Canada continued to maintain leadership in the market, posting a 2.3 percentage point market share increase and its best September performance in more than 30 years
Posted a 28 percent sales increase in Asia Pacific Africa, including a 14 percent increase in China led by Fiesta demand and a 190 percent increase in India led by sales of the new Ford Figo
“The key drivers for improvement in 2011 will be our growing product strength,[link widoczny dla zalogowanych], a gradually strengthening economy and an unrelenting focus on improving the competitiveness of all our operations,” he added.
THIRD QUARTER 2010 HIGHLIGHTS
“This was another strong quarter and we continue to gain momentum with our One Ford plan,” said Ford President and CEO Alan Mulally. “Delivering world class products and aggressively restructuring our business has enabled us to profitably grow even at low industry volumes in key regions.”
Check out FoMoCo’s third quarter highlights after the jump.
- By: Omar Rana
Ford Motor Company reported today that third quarter net income came in at $1.7 billion, or 43 cents per share, a $690 million improvement from third quarter 2009. Ford attributed its third quarter success to strong products,[link widoczny dla zalogowanych], momentum in North America and continued success at Ford Credit fueled growth amid still-challenging business conditions. Ford’s previous best third quarter net income was $1.1 billion reported in 1997.
“Ford’s third quarter revenue was $29 billion, a decline of $1.3 billion from the same period a year ago,” the Dearborn company said in a statement. “Excluding Volvo revenue from 2009,[link widoczny dla zalogowanych], Ford’s revenue in the third quarter was up $1.7 billion compared with the same period a year ago.”

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