Third quarter pre-tax profit of $1.2 billion, a decrease of $1.4 billion compared with a year ago; after-tax earnings per share of 24 cents, excluding special items; 21stconsecutive profitable quarter.
Net income of $835 million, or 21 cents per share, a decrease of $437 million compared with a year ago; net income includes pre-tax special item charges of $160 million, largely to support European transformation plan.
Wholesale volume and company revenue declined year-over-year by 3 percent and 2 percent, respectively; market share higher in Europe and record third quarter market share in Asia Pacific; record market share in China.
North America and Asia Pacific profitable.
Strong results at Ford Credit -- better than a year ago.
Automotive operating-related cash flow negative $700 million; Automotive gross cash of $22.8 billion at end of third quarter exceeded debt by $7.9 billion.
Unprecedented cadence of new products continues -- all launches on track, including the all-new F-150.
Guidance unchanged from the company's Sept. 29 Investor Day, including 2014 pre-tax profit guidance of about $6 billion, excluding special items, and strong growth and financial performance in 2015.
