Fourth Quarter Performance Further Improves Ford Motor Co. (NYSE:F) says CFO

Northern, WI 1/16/2013 (avauncer) - The Chief Financial Officer of Ford Motor Co. (NYSE:F), Bob Shanks quoted that the company continued its escalated performance in North America for the fourth quarter with strong earnings and cash flow as its performance in third quarter.

Bob Shanks expressed that past nine months have been profitable with positive operating cash flow. He also added on that the company will announce its full year results by the end of the month.

As per the average estimate of analyst Ford Motor Co. (NYSE:F) the Dearborn, Michigan-based company in the fourth quarter is likely to earn an increased profit of 28 percent compared to the previous year.

With the revealing of hiring 2,200 salaried workers by Ford Motor Co. (NYSE:F) the company on 11 Jan 13 saw a higher rise in its share value in last 18 months. This was also the outcome of doubling the quarterly dividend to 10 cents per share.

The margins were achieved by selling Focus small cars and not by developing different versions to suit different regions as quoted by their Chief Executive Officer Alan Mulally, who has been there in chair from past 14 consecutive quarters.

Compared to the profits made by the company in the North American region in 2011 it earned $6.47 billion before taxes during 2012 in the first nine months.

Shanks expressed the company’s confidence in Ford’s profit and cash generation which led to a doubling of the dividends without bothering the state of the auto market. He even expressed the company’s confidence in sustaining the increase in profit with better improvements in the business in near future.

After the announcement of terminating three factories in Europe and curbing 13 percent of the workforce amounting to 6,200 employees, Ford’s shares have been increasing. With investors taking the Mulally’s plan to restore profits positively there was a full stop on the company’s expectation to lose $3 billion during 2012 and 2013 in Europe.

After a rise of about 20 percent in 2012 Ford shares have gained about 8 percent this year. With the stock acting in favor of Ford many people are willing to buy more and more of Ford shares.

Shares of Ford Motor Co. (NYSE:F) has gone up  by 2.22% and now stands at $14.30