Find out about Ford’s exciting vision for 2020
We have heard that Ford Motor Company is planning on expanding from the Middle East to Africa and bringing 25 new vehicles to this region, and today Ford outlined its 2020 vision, which includes plans to substantially increase its global vehicle sales and automotive operating margin, and achieve more balanced geographic profitability.
By 2020, Ford projects annual global sales to increase 45 to 55 percent to approximately 9.4 million. Its automotive operating margin is projected to improve to about 8 percent during the same period, with a long-term target of 8 percent to 9 percent.
“Our long-term plan underscores the commitment we have to our One Ford plan, while accelerating our pace of progress, delivering product excellence and driving innovation in all areas of our business,” said Mark Fields, Ford’s president and CEO. “We remain completely focused on offering customers the freshest lineup of world-class vehicles to meet their needs.”
Ford anticipates that, by 2020, all five automotive business units and Ford Credit will contribute to the company’s profitability. Today, the company’s profits are more than explained by North America and Ford Credit, with growing profits in Asia Pacific, while it continues transforming its Europe, South America and Middle East & Africa operations. As it continues expanding in new regions, Ford is aggressively moving to match production to growing customer demand and achieve benefits of global scale. In addition, by 2020, the company projects its break even volume will be two-thirds of its wholesale volume. By 2020, Ford Credit expects managed receivables to increase by about 50 percent.