Ford 2004 Annual Report Download - page 28

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2 6
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
AUTOMOTIVE SECTOR RESULTS OF OPERATIONS
2004 COMPARED WITH 2003
Details by Automotive business unit of Income/(loss) before income taxes are shown below (in millions):
Details of Automotive sector sales and vehicle unit sales by Automotive business unit for 2004 and 2003 are shown below:
Income/(Loss) Before
Income Taxes
2004
Over/
(Under)
2004 2003 2003
Americas
- Ford North America $ 684 $ 196 $ 488
- Ford South America 140 (129) 269
Total Americas 824 67 757
Ford Europe and PAG
- Ford Europe 65 (1,620) 1,685
- PAG (850) 171 (1,021)
Total Ford Europe and PAG (785) (1,449) 664
Ford Asia Pacific and Africa/Mazda
- Ford Asia Pacific and Africa (36) (23) (13)
- Mazda and Associated Operations 118 69 49
Total Ford Asia Pacific and Africa/Mazda 82 46 36
Other Automotive (276) (572) 296
Total Automotive $ (155) $ (1,908) $ 1,753
Sales Vehicle Unit Sales*
(in billions) (in thousands)
2004 2004
Over/(Under) Over/(Under)
2004 2003 2003 2004 2003 2003
Americas
- Ford NorthAmerica $ 83.0 $ 83.6 $ (0.6) (1)% 3,623 3,810 (187) (5)%
- Ford South America 3.0 1.9 1.1 58 292 210 82 39
Total Americas 86.0 85.5 0.5 1 3,915 4,020 (105) (3)
Ford Europe and PAG
- Ford Europe 26.5 22.2 4.3 19 1,705 1,609 96 6
- PAG 27.6 24.8 2.8 11 771 754 17 2
Total Ford Europe and PAG 54.1 47.0 7.1 15 2,476 2,363 113 5
Ford Asia Pacific and Africa 7.0 5.8 1.2 21 407 353 54 15
Total Automotive $ 147.1 $ 138.3 $ 8.8 6 6,798 6,736 62 1
* Included in vehicle unit sales of Ford Asia Pacific and Africa are Ford-badged vehicles sold in China and Malaysia by our unconsolidated affiliates totaling 66,190
and 33,906 units in 2004 and 2003, respectively. “Sales”above does not include revenue from these units.