OREANDA-NEWS. February 02, 2016.  Ford of Europe delivered a full-year pre-tax profit of \\$259 million for 2015, achieving a goal first set in late 2012 with the launch of Ford’s transformation plan.

The figure represents an \\$857 million improvement over 2014. In the fourth quarter alone, Ford of Europe made a pre-tax profit of \\$131 million, \\$428 million better than the fourth quarter of 2014.

Ford of Europe’s total European market share was up five-tenths of a percentage point to 7.7 per cent; while total sales volume increased by 10 per cent. Strong demand for Ford products also ensured the Blue Oval ended the year as Europe’s No.1 commercial vehicle sales brand.

“Returning to profitability for our business is a real milestone. It marks a great first step toward creating a vibrant and sustainably profitable Ford of Europe, and I want to express my personal gratitude and appreciation for all you have done to make this possible,” said Jim Farley, chairman and CEO, Ford of Europe.

Overall, 2015 was a breakthrough year for Ford Motor Company, including a record full-year pre-tax profit of \\$10.8 billion, up \\$3.5 billion compared with a year ago. North America announced a \\$9.3 billion pre-tax profit, strong top-line growth, and an operating margin of 10.2 percent. Asia Pacific delivered a record pre-tax profit of \\$765 million, while Middle East and Africa achieved its first pre-tax profit in the two years since the region became a business unit.

“We promised a breakthrough year in 2015, and we delivered. In 2016, we will continue to build on our strengths and accelerate our pace of progress even further, while transforming Ford into both an auto and a mobility company and creating value for all of our stakeholders,” said Mark Fields, Ford President and Chief Executive Officer.

Click here to view the company’s full year and fourth quarter 2015 financial release.