Ford Motor Co F
Q1 2013 Earnings Call Transcript

Transcript Call Date 04/24/2013

Operator: Good day, ladies and gentlemen, and welcome to the Ford First Quarter Earnings Conference Call. My name is Janeta and I will be your operator for today. At this time, all participants are in listen-only-mode. Later, we will conduct a question-and-answer session. As a reminder, this conference is being recorded for replay purposes.

I would now like to turn the conference over to Mr. George Sharp, Executive Director, Investor Relations. Please proceed, sir.

George Sharp - Executive Director, IR: Thank you, Janeta, and good morning, ladies and gentlemen. Welcome to all of you who are joining us today either by phone or by webcast. On behalf of the entire Ford management team, I'd like to thank you for taking the time to be with us this morning, so we can provide you with additional details of our first quarter 2013 financial results.

Presenting today are Alan Mulally, President and CEO of Ford Motor Company and Bob Shanks, Chief Financial Officer. Also participating are Mark Fields, Chief Operating Officer; Stephen Odell, President, Europe, Middle East and Africa; Stuart Rowley, Corporate Controller; Neil Schloss, Corporate Treasurer; (Paul Andonian), Director of Accounting; and Mike Seneski, Ford Credit CFO.

Now, before we begin, I'd like to cover a few items. Copies of this morning's press release and the presentation slides that we will be using have been posted on the Ford's investor and media website for your reference. The financial results discussed today are presented on a preliminary basis. Final data will be included in our Form 10-Q that will be filed early next month. The financial results presented are on a GAAP basis and in some cases, on a non-GAAP basis. The non-GAAP financial measures discussed on this call are reconciled to the U.S. GAAP equivalent as part of the appendix to the slide deck.

Finally, today's presentation includes some forward-looking statements about our expectations for Ford's future performance. Of course, actual results could differ materially from those suggested by our comments today. The most significant factors that could affect future results are summarized at the end of this presentation. These risk factors and other key information are detailed in our various SEC filings.

With that, I would now like to turn the presentation over to Ford's President and CEO, Alan Mulally.

Alan Mulally - President and CEO: Thank you, George, and good morning. We are pleased to review our first quarter performance and the progress we continue to make in delivering of our Win Ford plan.

Let's turn to the first slide. On Slide 1, Our Win Ford plan depicted here remains the foundation for everything we do. Across the Ford enterprise, we continue to aggressively restructure the business to operate profitably at current demand and changing model mix, accelerate development of new products our customers want and value, finance our plans, and improve our balance sheet and work together effectively as one team, leveraging our global assets. A full family of great products small, medium and large, cars, utilities and trucks that our customers want and value is central to our Win Ford plan.

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