Ford Reports One Of Its Best Years Ever

1/28/14 10:33AM EST

Ford Reports One Of Its Best Years Ever Ford Reports One Of Its Best Years Ever

Image via Radu Bercan/Shutterstock

Recession? What recession?

Ford Motor Company seems to be out of the red and fully recovered from its infamous recession bailout, stating that 2013 was “one of the company’s best years ever.”

The press release boasted of a pre-tax profit of $8.6 billion for last year. That’s $603 million higher than the auto company’s 2012 profits. The company also noted a net income of $7.2 billion.

We had an outstanding year in 2013, demonstrating that our One Ford plan continues to drive solid results and profitable growth for all. We are well positioned for another solid year in 2014,” Alan Mulally, Ford president and CEO, said in the press release.

The successful year comes despite low fourth-quarter earnings. In the last quarter of 2013, the company’s profit was just $1.27 billion, significantly lower than 2012′s fourth-quarter earnings of $1.67 billion.

Investors are pleased with the year’s earnings overall, as each share increased by $1.62. That’s an improvement over 2012, when stocks increased by $1.41 per share over the year.

Ford stocks ended 2013 at $15.43 per share and are currently at $15.82 per share.


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