STRONG BUSINESS - Financial Overview
All in all, 2012 was a strong year for Ford, including actions we announced to finance our One Ford plan and to improve our balance sheet to help ensure future success.
We delivered strong results in 2012, led by record performance in North America and solid performance at Ford Credit. We also began the journey to transform our European business, projecting a return to profitability by mid-decade. We see the results of our One Ford plan taking hold in Asia Pacific Africa, with record volume, revenue, and market share increasing as investments in new facilities and products gain traction. We also are executing our One Ford plan in South America, expanding our product portfolio with new global products, while looking at all areas of our business to improve operating results.
The One Ford plan will continue to be our guide as we work to sustain and grow our strong North America operation, grow our important Ford Credit business, introduce global products in South America, transform our business in Europe, accelerate our growth in Asia Pacific and revitalize our Lincoln brand.
We have made tremendous progress in recent years by executing the fundamentals of our One Ford plan, and there are significant benefits ahead as we leverage our global assets. We will continue to work toward our mid-decade guidance, and remain confident in our plan and our ability to deliver profitable growth for all.