We have made tremendous progress in recent years by executing the fundamentals of the One Ford plan, and we expect to see significant benefits as we leverage our global assets.
Under the One Ford strategy, our employees around the world are committed to accelerating the development of new products that our customers truly want and value.
Ford Motor Credit Company is Ford’s strategic asset, providing financing to dealers and customers around the world in support of Ford and Lincoln sales.
During 2012, we continued putting our One Ford plan to work providing customers with vehicles they want and value as we undertook one of our most aggressive product launch schedules in several years, and our customers responded.
Ford Focus was the best-selling nameplate in the world in 2012, and Fiesta was the best-selling B-Car in the world based on the latest global data. In the United States, the Ford brand ended 2012 with 2,168,015 vehicles sold – the only brand to top 2 million sales.
We also continued to invest for tomorrow by increasing capacity in North America by 400,000 units, and opened two new plants in Asia, with seven additional plants under construction. Our goal, by 2020, is to generate a third of our sales in Asia Pacific Africa.
The goal of the One Ford plan is to deliver profitable growth for all, and in 2012 we resumed regular dividend payments to our shareholders and announced that we were doubling it for the first quarter of 2013.
All in all, 2012 was a strong year for Ford, including the actions we took to finance our plan and improve our balance sheet, which will help to ensure future success.
And, after a return to investment grade, we now have the Ford Blue Oval back.