Piggy backing off tax gain, Ford Motor Company announced the highest annual profit since 1998, and the second largest in 109 years history of the company. Blue Oval net profit for 2011 was U.S. $ 20.2 billion, or U.S. $ 4.94 per share, up from $ 13.7 billion in the U.S., or U.S. $ 3.28 per share one year ago.
But most of the profit comes from a single, non-cash exceptional items of U.S. $ 12400000000 of the anti-removal assessment Net deferred tax asset.
Ford said that the entire pre-tax profit before tax was $ 8.8 billion or $ 1.51 per share, up from U.S. $ 463 million from 2010.
Sales in U.S. $ 136300000000 for the entire year, an increase of $ 15.4 billion from the year 2010, Ford reports total sales of 5.7 million cars and trucks worldwide, an increase of 382,000 units in relation to St . last year.
Ford ended the year Automotive gross cash $ 22.9 billion, compared with $ 20.8 billion on September 30, 2011, $ 20.5 billion on 31 December 2010.
Detroit company said that due to the economy in 2011 will give a bonus to approximately 41,600 U.S. employees are eligible hours. Ford North America profit before tax by $ 6.2 billion (USD 5.4 billion in 2010) will consist of approximately U.S. $ 6,200 per employee is entitled to a full year basis.
Car maker is not, as in Europe, where he posted an operating loss before tax of $ 27 million compared to a surplus of U.S. $ 182 million one year ago.
In 2012, Ford said it expects full year industry volumes ranged from 13.5 to 14,500,000 cars in the U.S. and from 14 to 15 million in Europe.
Ford is planning a number of major product launches in years, including the global implementation of the new Fusion, Focus and Lincoln MKZ in the D-segment flight and Kuga crossover segment C and the B segment will roll out the B- Max crossover in Europe and worldwide markets Ecosport.
The automaker said the U.S. will also drive the Ranger pickup in different markets and tripling production Ford EcoBoost-equipped models.
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