Ford motor company annual report 2010. ford 2005 Annual Report 2022-10-02
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The Ford Motor Company annual report for 2010 highlights the company's financial performance and business developments for the year. According to the report, Ford achieved a net income of $6.6 billion in 2010, compared to a net loss of $14.8 billion in 2009. This marked the company's first full-year profit since 2005.
One of the main drivers of Ford's financial performance in 2010 was the strong demand for its vehicles, particularly in North America. The company saw a 12% increase in global vehicle sales, with particularly strong growth in the United States and China. Ford's market share in the United States also increased, reaching 16.4% for the year.
In addition to strong sales, Ford also benefited from a number of operational improvements in 2010. The company implemented a number of cost-cutting measures, including the closure of several manufacturing plants and the reduction of its global workforce by approximately 20,000 employees. These measures helped to reduce the company's operating costs and improve its profitability.
Another key development for Ford in 2010 was the introduction of a number of new and redesigned vehicles. The company launched the Ford Fusion and the Ford Focus, which were well-received by consumers and helped to drive sales growth. In addition, Ford announced plans to expand its electric and hybrid vehicle offerings, with the introduction of the Ford Fusion Energi and the Ford C-MAX Energi.
Overall, the Ford Motor Company annual report for 2010 showcases a company that is successfully navigating the challenges of the automotive industry and positioning itself for long-term growth. Despite facing a number of headwinds, including increased competition and regulatory challenges, Ford was able to achieve strong financial performance and introduce a number of innovative new products. These developments bode well for the company's future and demonstrate its ability to adapt and thrive in a rapidly changing industry.
Ford Motor Company Annual Reports
They also deflate more slowly to help provide added protection in the event of a rollover accident. DOCUMENTS INCORPORATED BY REFERENCE Table of Contents Page Part I Item 1 Business 1 Overview 2 Automotive Sector 2 Financial Services Sector 8 Governmental Standards 9 Employment Data 13 Engineering, Research, and Development 13 Item 1A Risk Factors 14 Item 1B Unresolved Staff Comments 20 Item 2 Properties 21 Item 3 Legal Proceedings 23 Item 4 Mine Safety Disclosures 24 Item 4A Executive Officers of Ford 25 Part II Item 5 Market for Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 26 Item 6 Selected Financial Data 27 Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Overview 28 Results of Operations 37 Automotive Sector 39 Financial Services Sector 63 Liquidity and Capital Resources 67 2014 Planning Assumptions and Key Metrics 76 Production Volumes 76 Outlook 77 Critical Accounting Estimates 81 Accounting Standards Issued But Not Yet Adopted 86 Aggregate Contractual Obligations 87 Item 7A Quantitative and Qualitative Disclosures About Market Risk 88 Overview 88 Automotive Sector 88 Financial Services Sector 90 Item 8 Financial Statements and Supplementary Data 91 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 91 Item 9A Controls and Procedures 92 Item 9B Other Information 92 Part III Item 10 Directors, Executive Officers of Ford, and Corporate Governance 93 Item 11 Executive Compensation 93 Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 93 Item 13 Certain Relationships and Related Transactions, and Director Independence 93 Item 14 Principal Accounting Fees and Services 93 Part IV Item 15 Exhibits and Financial Statement Schedules 94 Signatures 98 Ford Motor Company and Subsidiaries Financial Statements Report of Independent Registered Public Accounting Firm FS-1 Consolidated Income Statement FS-2 Consolidated Statement of Comprehensive Income FS-2 Sector Income Statement FS-3 Consolidated Balance Sheet FS-4 Sector Balance Sheet FS-5 Consolidated Statement of Cash Flows FS-6 Sector Statement of Cash Flows FS-7 Consolidated Statement of Equity FS-8 Notes to the Financial Statements FS-9 Schedule II - Valuation and Qualifying Accounts FSS-1 ii PART I. We are moving from a culture that discourages innovation back to a company that celebrates it. The final regulations are expected to align standards with the U. Only vehicles built or distributed by Ford for Mazda are included in total Ford unit sales summaries. Because we, like other manufacturers, have a high proportion of relatively fixed structural costs, relatively small changes in industry sales volume can have a substantial effect on our cash flow and profitability.
As we recently have seen in the United States and Europe, in particular, the number of cars and trucks sold may vary substantially from year to year. Requirements - Heavy Duty Vehicles. Assumptions and Approach Used. If Ford Motor Credit were a bank, it would be the 13th largest in the U. Compliance with these laws and regulations imposes additional costs on Ford Credit and affects the conduct of its business. Also includes other factors, such as the impact of tax payments and vehicle financing activities between Automotive and FSG sectors.
Ford Credit's primary funding and liquidity objective is to maintain a strong investment grade balance sheet with adequate liquidity to support its financing activities and growth under a variety of market conditions, including short-term and long-term market disruptions. A significant reduction in the amount of receivables Ford Credit purchases or originates would significantly reduce its ongoing profits and could adversely affect its ability to support the sale of Ford vehicles. The Way Forward has already begun, and the proof is in our products. Designed specifically for the pivotal North American market, the five-passenger CX-7 grew out of the 2005 MX-Crossport concept that brings together functionality and Mazdas soul of a sports car signature. Its liquidity sources of committed capacity and cash are diversified across a variety of markets and platforms. As a practical matter, these agreements may restrict our ability to close plants and divest businesses.
Management's Discussion and Analysis of Financial Condition and Results of Operations. Market shift away from sales of larger, more profitable vehicles beyond Ford's current planning assumption, particularly in the United States. In many, no dollar amount of damages is specified, or the specific amount alleged is the jurisdictional minimum. Anticipating little growth in the overall volume of vehicles sold in North America for the foreseeablefuture, we expect more manufacturers to offer an increasing number of products. Actual return volumes may be higher than expected and can be influenced by contractual lease-end values relative to auction values, marketing programs for new vehicles, and general economic conditions. Properties Continued ITEM 3. While we believe the long-term trend is toward the growth of free trade, we have noted with concern recent developments in a number of regions.
In many ways we are starting to see the full benefits and strength of the One Ford plan, and we see an opportunity to accelerate our pace of progress to drive operational excellence and profitable growth for all. The Automotive sector records the estimated costs of marketing incentives, including dealer and retail customer cash payments e. Approximately 98% of the total square footage of our engineering centers and our supplementary research and development space is owned by us. As a responsible leader in safety innovation, Ford shares lifesaving technologies without hesitation. Were going to go way beyond what weve ever done before at Ford to find out whats on their minds. Other Automotive Credit Facilities. The Americas Segment Ford North America.
Recent examples of situations that have affected industry production to varying degrees include: supplier financial distress due to reduced production volumes during the economic downturn in 2008—2009; capacity constraints as suppliers that restructured or downsized during the downturn work to satisfy growing industry volumes; short-term constraints on production as consumer preferences shift more fluidly across vehicle segments and features; and the impact on certain suppliers of natural disasters during 2011. The joint venture supplies aluminum engine and other components from its plants located in regions in which we do business. An increase in fuel prices, continued price volatility, or reduced availability of fuel, particularly in the United States, could result in weakening of demand for relatively more-profitable large cars, utilities, and trucks, while increasing demand for relatively less-profitable small vehicles. We divested several non-core companies, lowered our costs, refocused our financial operations on supporting our automotive business and launched the biggest wave of new products in our history. These assumptions include the effect of actions we are taking and expect to take to offset health care inflation, including eligibility management, employee education and wellness programs, competitive sourcing, and appropriate employee cost sharing.
We provide warranties on the products we sell. Ford Credit provides world-class dealer and customer financial services, supported by a strong balance sheet, providing solid profits and distributions to Ford. Ford is pouring resources and research into the leading technologies hybrid-electric, clean diesel, hydrogen internal combustion, hydrogen fuel cells and ethanol aimed at improving upon the performance of the conventional internal combustion engine. Any borrowings by Ford Credit under the revolving credit facility would be guaranteed by us. Our Common Stock is listed on the New York Stock Exchange in the United States, and on certain stock exchanges in Belgium and France.
Enhanced Active Park Assist — uses ultrasonic sensors to help the driver reverse into a space side-to-side with other cars, and for ease of parking going into and out of parking spaces. After confirming the vehicle can fit, the vehicle automatically steers into the space, while the driver operates the accelerator and brake pedals. During 2005, we announced an initiative to enter into new long-term agreements with select strategic suppliers globally in order to strengthen collaboration and develop a sustainable business model to drive mutual profitability andtechnology development. Our industry is rapidly evolving, and new technology is having a significant impact on our business. The EU and many countries around the world have established vehicle safety standards and regulations, and are likely to adopt additional or more stringent requirements in the future.
