Ford Posts $5.67 Billion Net Income in 2012

While Ford still posted losses in Europe last year, the American automaker managed to rake in $5.67 Billion in net income, which is $307 million less than in 2011. 

In North America, Ford set records with a pre-tax profit of $1.87 Billion, helped by a strong fourth quarter in the States which brought in $565 million. Thanks to the high profit numbers, Ford will be providing profit-sharing checks worth $8,300 to 45,800 United Auto Workers, to be paid in March.

These numbers trounced what analysts said Ford would earn, as the brand posted earnings-per-share of 31 cents, while a survey by Thomson Reuters of 19 analysts predicted Ford would earn 25 cents per share.

“The Ford team delivered strong results once again, underscoring that our One Ford plan is working,” said Alan Mulally, Ford’s president and CEO, in a statement. “We are well-positioned for another strong year in 2013.”

In Europe, the brand posted losses of $1.75 billion, and predicts that it will lose around $2 Billion in 2013. Ford lost $77 million in its expanding Asia-Pacific-Africa region last year, though 2013 may hold a different story for these ares, as the company predicts them to post break-even profits in 2013. Another quickly expanding market is South America, where Ford made $213 million in 2013.

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