Ford: Fueled For Growth

The automotive segment is a competitive market with companies like Ford looking to establish a stronger foothold globally. Growth patterns in the Asian market, mainly due to the rising economies and higher-paying capacity, are resulting in a brighter future for automakers. Companies like Ford (F) are all set to write another success story by capturing the Asian market and also increasing their global footprint in the automotive segment.

Financials

Ford recently declared its fourth quarter 2013 results, and it was firing all guns. The company recorded its 18th successive profitable quarter. It recorded revenue of $37.6 billion, grown by 4% and $1.3 billion a year ago. The revenue increase was due to high sale volume. The company recorded total unit sale of 1.6 million units in the fourth quarter, 5% growth and up by 76,000 units from year ago.

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