Ford sustains solid profits as North American market rebounds

Company looks to NA and Asia markets for future growth

2013/08/22

Summary

Ford Global Light Vehicle Production Forecast
Source: LMC Automotive, Global Automotive
Production Forecast, June 2013

 The North American automobile industry continues its strong recovery as consumers replace their ageing vehicles and better household finances allow car buyers to take advantage of low-cost loans. Ford has benefitted greatly from this recovery, where sales in North America were chiefly responsible for overall profits in 2012 of USD 8.0 billion before taxes. However, growth has flattened out as global unit sales of 5.7 million units decreased slightly, or (0.5) percent from 2011. However this is still up over 2010 results of 5.3 million units.

 Going forward, Ford sees its greatest potential for growth in North America and Asia. The company is increasing global production capacity to meet the anticipated demand. LMC Automotive is forecasting an increase in Ford's global light vehicle production through 2016. The increase for the period 2011-2016 is expected to average 4.6% annually with most of this capacity coming from new investments in North America and in Asia Pacific Africa, particularly China, India, and Thailand.

Related Reports:

US Market: Continued growth spurs investment
Turkey: Ford to consolidate production of LCVs in Europe
North American International Auto Show 2013 (1): US and European OEMs



"ONE Ford" plan and Lincoln brand revival central to overall strategy

"ONE Ford" Product Development System continues to realize efficiencies

 The ONE Ford global product development system utilizes global platforms by adopting a "hub and satellite" approach. A "hub", or lead product development engineering center, is assigned for each global vehicle. This ensures efficiency on a global scale through communization of parts, designs, suppliers and manufacturing processes. The hubs are supported by regional engineering centers, or "satellites", which tune products to local preferences.

 As part of the effort to gain further efficiencies, the company is making progress on platform consolidation. In 2007, the company had 27 different vehicle platforms. By 2014, it will have 14 total platforms. It is on track to meet its target of nine core platforms globally. Ford states that the global C-platform, which includes the Focus, will have more platform volume than any other automaker, indicating its commitment to small cars.

 

Ford works to revive the Lincoln Brand

 Deficient investment during the recession period and an aged owner base led to sliding sales for Lincoln. In response to this decline and in order to take advantage of the expanding North American market, Ford decided to overhaul the product lineup, starting with the MKZ that launched in 2012. This is the first of four new Lincolns to be introduced over a four-year period. Quality problems and part supply shortages during the launch caused a lack of available product for dealers. Consequently, sales were down in the first quarter of 2013 but gained momentum in the second quarter.

Lincoln Sales

 Ford is believed to be considering a future entry into the small-car luxury segment for the first time. If a model is approved, the likely markets will be the US and China where this segment is growing rapidly.

 The company also showed the MKC concept at the North American International Auto Show 2013. Expected to be released next year, this vehicle targets the fastest growing luxury vehicle segment: compact crossovers. According to forecasting firm LMC Automotive, Lincoln's US market share is expected to climb from 0.6% this year to 0.9% in 2014 due to the introduction of new and refreshed models.

 Over the long-term, Ford sales may be hampered because of the lack of a global luxury brand after it sold off Volvo, Jaguar, Land Rover and Aston Martin. LMC Automotive states, "Ford continues to apply lessons learned from incorporating design, technology and safety features, but will need significant time, resources and money rebuilding the Lincoln brand into a competitive global luxury brand."

Lincoln MKC Concept
Lincoln MKC Concept
Lincoln MKC Concept - Rear View
Lincoln MKC Concept - Rear View

 

Supply base consolidation on track

 Ford has been reducing the global number of production suppliers from 3,300 in 2004 to about 1,260 at year-end 2012. It has further plans to take them to a target of about 750 suppliers. This consolidation is intended to lead to a stronger and healthier supply base. The company also continues to work with suppliers on near-term capacity constraints as the company ramps up production. In addition, consolidating global vehicle platforms increases the ability to source to common suppliers for the total global volume of vehicle components. This results in a smaller number of suppliers producing greater volumes, thus resulting in greater economies of scale.

 

Emphasis on commercial vehicles for 2013

 In 2013, the company has focused its efforts around the development of commercial vehicles, particularly the Transit series of vehicles displayed at the North American International Auto Show in January. In 2012, the global commercial vehicle industry represented approximately 17 million units. It is forecasted to grow by 4.8 million units, or 28% through 2017. Ford has been the best-selling brand of commercial vehicles in North America for 28 years. In Europe, Transit vans are the best-selling medium commercial brand. The company plans to leverage its common global family of commercial vehicles across all applicable markets.

2014 Ford Transit Connect Wagon
2014 Ford Transit Connect Wagon
2014 Ford Transit full-size van
2014 Ford Transit full-size van

 

Alliances and joint venture announcements

 * Ford, Daimler, and Renault-Nissan signed a three-way agreement in January 2013 to accelerate the commercialization of fuel-cell electric vehicles. Each company will contribute equally to the project. The strategy is to maximize design commonality and reduce investment costs toward the goal of launching the first mass-market fuel cell vehicle as early as 2017.

 * On April 15, 2013, Ford and GM announced plans to jointly develop nine- and ten-speed automatic transmissions. This collaboration is intended to lower design and development costs while bringing these transmissions to market faster. This move is in response to Chrysler that had previously announced that it will be adding eight- and nine- speed transmissions to future products.

 * Ford and Toyota mutually agreed to end their collaboration on gasoline-electric hybrid systems in an announcement made on July 23, 2013. The automakers first made the collaboration public in August 2011. Ford has decided to move forward on its own with development of a rear-wheel-drive hybrid system for pickups and SUVs. The new hybrid system should be available by the end of this decade. Ford felt that it had developed enough in-house expertise to develop the system on its own.

 

 



Europe: the focus for vehicle refreshes

2015 Ford Atlas Concept
2015 Ford Atlas Concept

 The company is committed to refreshing the European product portfolio with a target of 15 global vehicles within five years. In North America the company focused its 2013 efforts around commercial vehicles, particularly the Transit series of vehicles. Overall, the company is committed to offering smaller, more fuel efficient vehicles in every market in which it sells.


Highlights of major recent and upcoming vehicle releases

Release
Year
Model Description
2012 Ford C-MAX Hybrid and C-MAX Energi plug-in hybrid  This Focus-based compact MPV was introduced in fall 2012 as a 2013 model.
Ford Escape/Kuga  This popular compact crossover SUV was redesigned and consolidated with the Kuga in Europe.
Ford Focus ST  The sporty version of the Focus went on sale in Europe in summer 2012.
Ford Fusion and Fusion Hybrid  The Fusion mid-size sedan was redesigned in fall 2012 for MY 2013. The hybrid version was redesigned with this model change.
2013 Ford Fusion Energi plug-in hybrid  A plug-in hybrid version of the Fusion was released in January 2013.
Lincoln MKZ  The MKZ mid-size car is the first of four redesigned or all-new Lincoln vehicles in the next four years.
2014 Ford EcoSport  The European version of the small SUV made its debut at the Geneva Auto Show and will be launched by spring 2014. It is also sold in urban environments in South America, India, Thailand and China.
Ford Edge  This mid-size SUV is due for a redesign in the second half of 2014. The next generation will also be sold in Europe.
Ford Escort  Introduced as a concept at Shanghai Motor Show in 2013 for the China market. This C-segment sedan revives the Escort name.
Ford F-150  The next generation pickup is scheduled to be released as a 2015 model in mid-2014. Design cues are expected to come from the Ford Atlas Concept shown at NAIAS 2013.
Ford Mondeo  The Mondeo, known as the Fusion in North America, will debut a new look in Europe. Hybrid and plug-in hybrid versions will also be offered.
Ford Mustang  The 50th anniversary of the Mustang sports car will likely arrive in spring 2014 as a 2015 model.
Ford Tourneo Courier  This five-seat small people mover made its debut at the Geneva motor show and will launch in mid-2014 in Europe.
Ford Grand Tourneo Connect and Tourneo Connect  The seven-seat Grand Tourneo Connect made its debut at the Geneva Auto Show 2013 alongside the five-seat Tourneo Connect.
Ford Transit  Full-size commercial van that replaces the Ford E series. It will go on sale summer 2014 and sold in markets around the world.
Ford Transit Connect  Connect Compact commercial wagon with 2 and 3 row configurations that seat 5 or 7 people respectively. It will go on sale in early 2014.
Lincoln MKC  This compact crossover vehicle made its debut as a concept at the Detroit Auto Show. It should appear in the second quarter of 2014.
2015 Ford Taurus  This large sedan is expected to get a redesign in the first half of 2015.
Lincoln MKX  The MKX mid-size crossover should get a redesign in the first half of 2015 as a 2016 model.

Source: Ford Media Releases, MarkLines, INOVEV

 

 



Ford gains hybrid and electric vehicle market share

 In the second quarter of 2013, Ford set a record for its best hybrid sales quarter ever. Demand continues to grow in markets across the US with more than 60 percent of customers trading in non-Ford brands, particularly vehicles from Toyota and Honda. Ford's share of the US electrified market had grown 12 points from last year to 16 percent in the first half of 2013.


 The company is slowly chipping away at Toyota who dominates hybrid sales (excluding plug-in hybrids) with 66.7 percent of the market through the first five months of 2013. This is down from 72.4 percent of the market the year before. However, in August 2013, Ford lowered the fuel economy rating on the C-Max hybrid from 47 combined mpg to 43 mpg. C-Max buyers will also receive USD 550. This was in response to complaints from irritated customers and regulators that the rating was overstated. Although Ford didn't do anything illegal, this incident could hurt Ford's image as a fuel economy leader, which in turn could affect future hybrid sales. In the mean time, the company's first European built Focus electric vehicle rolled off the assembly line in Saarlouis, Germany in June 2013.


The company now has six green vehicle options:

  * Hybrids: Ford Fusion Hybrid, Ford C-MAX Hybrid, Lincoln MKZ Hybrid
  * Plug-in Hybrids: Ford Fusion Energi, Ford C-Max Energi
  * Electrics: Ford Focus Electric

 

2013 Ford Fusion Hybrid
2013 Ford Fusion Hybrid
2013 Ford Focus Electric
2013 Ford Focus Electric

 

 



Global unit sales flat in 2012 despite growth in NA and Asia; Strong growth predicted going forward

 Ford reported total wholesale sales of 5.67 million units in 2012, slightly down from 5.70 million in 2011. The North America and Asia Pacific Africa regions showed positive increases while South America showed a small decrease. Europe showed the large decrease due to difficult market conditions in the region. Despite the positive gains in North America, Ford's market share declined in 2012 due to strong competition, particularly from Toyota and Honda who had big market gains. However, Ford rebounded a bit in the first half of 2013 as all regions showed increased or flat market share. The Asia Pacific Africa region, where Ford has made significant investment, is the only region that is showing consistent market share growth.

 

Ford Wholesale Sales by Region (thousands of units)

Region 2009 2010 2011 2012 1H
2013
North America* 1,927 2,413 2,686 2,784 1,584
South America 443 489 506 498 260
Europe 1,568 1,573 1,602 1,353 732
Asia Pacific
Africa
604 838 901 1,033 599

Ford Market Share by Region

Region 2009 2010 2011 2012 1H
2013
United States* 15.3% 16.4% 16.5% 15.2% 16.2%
South America 10.2% 9.8% 9.3% 9.0% 9.4%
Europe 9.1% 8.4% 8.3% 7.9% 7.9%
Asia Pacific
Africa
2.3% 2.4% 2.7% 2.8% 3.3%

Source: Ford Annual Reports.
Note: *1) Wholesale sales are reported for all of NA while market share is reported for the US.
    2) Data does not include Volvo


 According to LMC Automotive, global Ford passenger car and light truck sales increased 0.7% YoY in 2012 to just over 5.2 million units. Growth in North America, Asia, and Africa offset declines in Europe and South America. In 2013, sales are expected to continue the upward trend to 5.5 million units, a 6.1% YoY increase over 2012 levels as the company concentrates on building smaller, fuel-efficient vehicles with a global focus. As LMC Automotive explains, "Ford is forecast to experience strong growth in emerging markets in Asia and South America, with solid but more measured growth in mature markets like North America and Europe."

 

 



Ford profit strong in 2012; Expects continued strength in 2013

Ford Pre-tax Net Income by Sector
Source: Ford Motor Company 2012 Annual Report

 The combination of strong demand in the US and execution of the company's "ONE Ford" product development system has led to continued strong profits for the company. The result is pre-tax profits (before special items) of USD 8.0 billion in 2012. However, this is down from 2011 levels of USD 8.8 billion primarily due to an expected reduction in net income from financial services. In the automotive sector, profits were about equal for 2012. Higher net pricing and lower compensation costs positively impacted pre-tax profit. This was offset by higher costs, mainly structural, and unfavorable volume and mix. As of Q2 2013, Ford has experienced 16 consecutive profitable quarters and expects pre-tax profit to be equal to or higher than 2012 levels.


Automotive sector driven by North American profits

 In the automotive sector, the North American region continued to drive results with USD 8.3 billion in pre-tax profits in 2012 (excluding special items). South America also posted a profit for the year. These profits were offset by moderate losses in Asia and a significant loss in Europe due to restructuring expenses. Other automotive expenses were mostly attributable to net interest expense.

Automotive Sector 2012 Full Year Pre-tax Results
Source: Ford Motor Company
2012 Annual Report
Automotive Sector 2013 First Half Pre-tax Results
Source: Ford Motor Company
2013 2nd Qtr. Earnings Review

Note: Numbers in brackets "(   )" represent negative value.

 In the first half of 2013, the North American automotive sector continued to dominate overall performance by setting an earnings record with a pre-tax profit (excl. special items) of USD 4.8 billion. This is an increase of USD 628 million compared with the same period a year ago. South America's loss of is primarily due to the devaluation of the Venezuelan bolivar in the first quarter. Europe's first half loss was worse than a year ago and includes USD 291 million of restructuring costs. The Asia Pacific Africa region turned a first half profit as sales gain momentum due to the company's aggressive investment strategy in the region. Other Automotive losses mainly reflect net interest expense.

 

Total company income down in 2012; First half 2013 profits jump over previous year

 For FY 2012, total company income before tax (including special items) for Ford was USD 7.7 billion, a decrease of (USD 961) million over FY 2011. Full year after tax net income was USD 5.7 billion (attributable to Ford Motor Company) or USD 1.42 per share. Net income in 2012 was lower than a year ago, primarily reflecting the non-repeat of the 2011 release of the tax valuation allowance against deferred tax assets. Excluding the impact of the 2011 valuation allowance, net income was (USD 307) million lower than in 2011. As a sign of its continued financial growth, Ford doubled its quarterly dividend payout to USD 0.10 per share in 2013.

 North America set first-half records for pre-tax profits in 2013. Ford had a first-half profit before income taxes of USD 3.9 billion, an improvement of USD 309 million compared with a year ago. Ford's first-half net income (attributable to Ford Motor Company) was USD 2.8 billion, an improvement of USD 408 million compared with a year ago.

 Due to its first-half results, Ford revised its outlook in July 2013. It now expects total company pre-tax profit to be equal to or higher than 2012, automotive operating margin to be about equal to 2012 and automotive operating-related cash flow to be substantially higher than 2012.

 

SUMMARY OF INCOME
(in millions of USD)
2008 2009 2010 2011 2012 1st Half
2012
1st Half
2013
Total Company
Revenues 143,584 116,283 128,954 136,264 134,252 65,656 73,905
 
Income/(Loss) before income taxes (14,895) 2,599 7,149 8,681 7,720 3,633 3,942
Provision for/(Benefit from) income taxes (62) (113) 592 (11,541) 2,056 1,197 1,096
Income/(Loss) from continuing operations (14,833) 2,712 6,557 20,222 5,664 2,436 2,846
Income/(Loss) from discontinued operations 9 5 - - - - -
Net income/(Loss) (14,824) 2,717 6,557 20,222 5,664 2,436 2,846
Less Income/(Loss) attributable to noncontrolling interests (58) - (4) 9 (1) - 2
Net income/(loss) attributable to Ford Motor Company (14,766) 2,717 6,561 20,213 5,665 2,436 2,844
 
Automotive Sector
Revenues 127,635 103,868 119,280 128,168 126,567 61,853 69,937
Income/(Loss) before income taxes (12,314) 785 4,146 6,250 6,010 2,730 2,988
 
Financial Services Sector
Revenues 15,949 12,415 9,674 8,096 7,685 3,803 3,968
Income/(Loss) before income taxes (2,581) 1,814 3,003 2,431 1,710 903 954
 
Amounts Per Share Attributable to Ford Motor Company Common and Class B Stock
Basic income/(Loss) (6.50) 0.91 1.90 5.33 1.48 .64 .72
Diluted income/(Loss) (6.50) 0.86 1.66 4.94 1.42 .61 .70

Source: Ford 10-K, Ford Year End Financial Results; Ford 10-Q, Ford Mid-Year 2013 Financial Results
Note: Numbers in brackets "(   )" represent negative value.

 



Strong demand for new products encourage plant investments

 The company has committed an investment of USD 6.2 billion in US plants through 2015 to keep up with its growth plan for North America. It will add 200,000 units of annual straight line capacity in 2013 after increasing capacity by 400,000 last year, including 40,000 units of increased production from shortening the traditional two-week summer shutdown to one week.

 Also targeting its other growth market, Ford is increasing production capacity with new, flexible manufacturing plants in China, India, and Thailand. In conjunction with its unconsolidated affiliates in Asia Pacific Africa, the company launched two new plants in 2012 and plans to complete seven more plants in the region by mid-decade.

Major plant expansions announced by Ford

Plant Investment Details
North America
Cleveland Engine, OH USD 200 million Investment to produce 2.0-liter EcoBoost engines. (450 jobs). Production is scheduled to begin in late 2014.
Dearborn Stamping, MI USD 305 million Upgrades to modernize the plant by summer 2013.
Flat Rock Assembly, MI USD 555 million Added 3-Wet paint process and Ford Fusion assembly. (1400 jobs). Scheduled to be done in summer or fall 2013.
Kansas City Assembly, MO USD 1.1 billion New stamping facility and upgraded paint shop for F-150 pickup and for new Transit Van. (2,000 jobs). The stamping facility was completed in 2012. Transit production is expected by summer 2014.
Livonia Transmission, MI USD 74.7 million Announced in Dec. 2012, new machinery and equipment for transmissions and testing.
Michigan Assembly, MI USD 59.4 million Stamping press expansion due to be completed by summer 2013.
Sterling Axle, MI USD 86 million Machinery and equipment to make axles. Expansion started in 2012.
Van Dyke Transmission, MI USD 87.7 million Announced in Dec. 2012, added capacity for 6F35 and 6F50 transmissions.
Europe
Ford Sollers Yelabuga Plant, Russia N/A Full-production of the Explorer SUV began April 2013. Previously, only knock-down versions were assembled here. This is the first time the Explorer is produced outside the US.
New Engine Plant, Tatarstan, Russia USD 274 million Announced in May 2013, Ford Motor Co.'s Russian joint venture will invest USD 274 million to build a new powertrain plant in Tatarstan. The factory will be located in the Russian republic's town of Yelabuga where the Ford Sollers joint venture already produces vehicles.
Bordeaux Automatic Transmission Plant, France EUR 137.5 million Announced in May 2013, Ford will invest 125 million euros and local authorities will invest 12.5 million euros to produce a next-generation transmission for compact cars in Europe.
Yenikoy Plant, Turkey USD 1 billion over three years Ford Otosan started construction of a third plant in March 2012. The new plant is scheduled to complete in 2013 and produce new light commercial vehicles. Its annual production capacity will be 110,000 units with a combined total production capacity at three Ford plants in Turkey expanding to 400,000 units.
Asia
Changan Ford Engine Plant Chongquing, China USD 500 million New plant to build 1.0-liter three-cylinder EcoBoost and 1.5-liter four-cylinder engines. Opened June 2013 with initial capacity of 400,000 units.
JMC Xiaolan Plant, Nanchang, China USD 200 million (by JMC) Ford's strategic partner, Jiangling Motors Corp. (JMC) opened a new plant in June 2013 that will build Ford and JMC branded commercial vehicles. Capacity is 300,000 vehicles.
New Engine Plant, Xiaolan, China N/A In June 2013, Jiangling Motors and Ford also announced an engine plant in its Xiaolan manufacturing base with capacity of 200,000 units.
Sanand Plant, India USD 1 billion Ford India laid foundation for Sanand Plant in March 2012. The amount of investment is USD 1 billion. The plant will be operational in 2014.

Source: Ford Media Releases, Automotive News, General news sources, Press releases

 

Ford to cease manufacturing operations in Australia

 Ford announced its intention to cease its Australian manufacturing operations in October 2016. The decision was driven by highly competitive market conditions including considerable market fragmentation and high manufacturing costs. Ford losses in Australia in the last five years have totaled approximately AUD 600 million. Approximately 1,200 jobs in Ford's Broadmeadows and Geelong manufacturing plants will be affected. Ford has manufactured in Australia since 1925.

 

European restructuring leads to closure of three plants

 Ford recorded a roughly USD 1.8 billion loss in Europe in 2012 and expects to lose another USD 2 billion in the region this year. To stem its losses, Ford plans to close an assembly plant in Genk, Belgium in 2014. This plant, which builds the Mondeo sedan, and the S-Max and Galaxy minivans will have production transferred the plant in Valencia, Spain. The company is also closing a plant in Southampton, England that makes chassis cabs for the Transit van and a stamping plant in Dagenham, on the outskirts of London. In all, Ford plans to cut 18 percent of its capacity in Europe. CEO Alan Mulally has said that Ford will not rule out further capacity cuts and other actions if the situation worsens in Europe.

 

 



Production Forecast by LMC Automotive: strong light-vehicle production for Ford through 2016

(LMC Automotive、June 2013)
Ford Motor Company Percentage of Global Production by Region
Source: LMC Automotive, Global Automotive Production Forecast, June 2013

 LMC Automotive is forecasting strong results for Ford through 2016 as the company continues to experience growth in worldwide markets. Global production is expected to increase 7.0% in 2013, then increase an average of 4.2% per year from 2014-2016.

 Regions with the largest rate of increase for 2013 production are South America with 18.3%, Asia Pacific with 12.6% and North America with 8.0%. The only region expected to decline from 2012 levels is Western Europe, which is projected to decrease by -4.6%.


 As a percentage of global production, the North American region is expected to fall from a high of 50.8% in 2013 to 43.8% in 2016. Europe's share of production is expected decline by 10% during 2010-2016, while the Asia Pacific Africa region will nearly double its share over the same period.

Ford light vehicle production by country

(Units)
Country Global Make 2010 2011 2012 2013 2014 2015 2016
Grand Total 5,110,817 5,412,323 5,534,102 5,919,211 6,226,625 6,559,641 6,690,659
 
Canada Ford 243,386 268,544 215,728 220,363 192,094 203,268 174,734
Lincoln 45,457 51,417 40,196 31,610 40,480 44,250 33,462
Mercury 31,765 165 - - - - -
Canada Total 320,608 320,126 255,924 251,973 232,574 247,518 208,196
Mexico Ford 344,891 420,092 423,423 461,296 432,445 322,951 309,303
Lincoln 24,342 35,399 20,740 46,974 44,560 45,920 48,839
Mercury 21,155 - - - - - -
Mexico Total 390,388 455,491 444,163 508,270 477,005 368,871 358,142
USA Ford 1,597,729 1,864,100 2,058,391 2,221,490 2,266,281 2,302,384 2,278,794
Lincoln 26,568 22,830 24,334 24,773 69,056 77,873 88,094
Mercury 29,614 - - - - - -
USA Total 1,653,911 1,886,930 2,082,725 2,246,263 2,335,337 2,380,257 2,366,888
North America Total 2,364,907 2,662,547 2,782,812 3,006,506 3,044,916 2,996,646 2,933,226
 
Argentina Ford 96,454 103,883 89,072 103,121 114,247 122,871 130,019
Brazil Ford 322,306 286,850 275,774 333,000 328,510 331,488 344,392
Venezuela Ford 20,312 21,352 21,875 21,431 27,774 32,599 35,288
South America Total 439,072 412,085 386,721 457,552 470,531 486,958 509,699
 
Belgium Ford 185,561 178,127 123,325 86,932 41,669 - -
Germany Ford 741,803 731,114 692,345 605,771 567,193 596,480 594,507
Italy Ford 4,356 - - - - - -
Spain Ford 256,650 229,936 134,748 226,553 337,536 369,318 329,892
UK Ford 28,270 28,170 28,031 14,529 - - -
West Europe Total 1,216,640 1,167,347 978,449 933,785 946,398 965,798 924,399
 
Poland Ford 92,927 67,204 54,613 48,974 42,963 16,845 -
Romania Ford 9,558 7,547 30,591 84,681 86,544 77,295 72,280
Russia Ford 80,390 98,807 126,838 111,533 134,455 195,204 241,460
Turkey Ford 237,194 286,611 264,735 245,807 301,599 319,726 321,066
East Europe Total 420,069 460,169 476,777 490,995 565,561 609,070 634,806
 
Australia Ford 56,807 34,117 38,480 35,521 35,334 35,103 29,128
China Ford 353,345 373,838 477,551 624,001 728,703 845,639 946,196
India Ford 93,944 118,867 125,184 123,614 178,847 292,356 339,075
Japan Ford 1,000 - - - - - -
Philippines Ford 5,614 5,040 3,708 - - - -
Taiwan Ford 24,028 22,923 18,959 21,973 23,291 25,088 26,136
Thailand Ford 105,512 117,488 197,103 164,606 171,337 241,859 287,794
Asia Pacific Total 640,250 672,273 860,985 969,715 1,137,512 1,440,045 1,628,329
 
South Africa Ford 29,879 37,902 48,358 60,658 61,707 61,124 60,200
Other Total 29,879 37,902 48,358 60,658 61,707 61,124 60,200
Source: LMC Automotive, Global Automotive Production Forecast, June 2013
(Note) 1. Data indicate figures of only small-size vehicles, including passenger cars and light commercial vehicles with a gross vehicle weight of under 6 tons.
2. All rights reserved. Reproduction of any data will require permission of LMC Automotive.
3. For more detailed information or inquiries of forecast data, please contact LMC Automotive.

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