After strong 2013, Ford predicts dip in profits

January 29, 2014 

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.

The Olympian is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service