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Motrolix

Ford CEO Alan Mulally Highlights Ford’s Q3 2011 Earnings (Video)

Recently, Ford CEO Alan Mulally gave an informal update underligning The Blue Oval’s earnings for the third quarter of 2011. Here’s a brief summary of the very positive results, with the full video of Mr. Mulally posted after:

  • Year over year sales are up
  • Net revenue up based on strong products
  • Ford maintained position as #1 brand in the U.S. and increased market share based on the strength of the product line and best-in-class vehicles
  • Great performance generated more free cash flow; this added strength gave Ford the ability to pay back another $1.3 billion of debt, reducing Ford’s total debt to $12.7 billion
  • Over the last 7 quarters, Ford repaid over $20 billion of the $23.5 billion borrowed 5 years ago to restructure and accelerate development of new products and services
  • For the full year, Ford will improve operating profits and free cash flows (2011 over 2010), allowing it to support guidance that in the mid decade, Ford will be increasing vehicle production worldwide from 5.3 million vehicles to nearly 8 million vehicles

The Motrolix Take

At the end of the day, these results prove that the One Ford plan is right on track in creating a better company — one that makes the best vehicles on the road while being financially healthy and profitable. The Blue Oval is successfully competing with the best in the world — and we’d go so far as to say that Ford already is the best in the world today. Now, if we could say the same about Lincoln

Motrolix Founder with a passion for global automotive business strategy.

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