Ford Motor Co. enjoyed one of the best years in its history in 2013, but the celebration won’t last long.
Ford has warned that profits will be down this year as it launches a record 23 vehicles and builds seven plants around the world.
It’s anticipating 13 weeks of down time — up from five in 2013 — at its two U.S. pickup truck plants to prepare for the launch of a new aluminum-clad F-150.
And instability in South America and price competition in the U.S. are constant threats.
In 2013, though, Ford powered to a full-year profit of $7.2 billion, or $1.76 per share. On a pretax basis, Ford made $8.56 billion, its second-highest pretax profit in a decade after the $8.8 billion earned in 2011.