Ford 2006 Annual Report Download - page 101

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99
Notes to the Financial Statements
99
NOTE 24. SEGMENT INFORMATION (Continued)
Ford Europe segment includes primarily the sale of Ford-brand vehicles and related service parts in Europe, Turkey,
and Russia.
The PAG segment includes primarily the sale of PAG-brand vehicles (i.e., Volvo, Jaguar, Land Rover and Aston
Martin) and related service parts throughout the world (including North America, South America, Europe, Asia Pacific and
Africa).
Ford Asia Pacific and Africa/Mazda segment includes primarily the sale of Ford-brand vehicles and related service
parts in the Asia Pacific region and South Africa and also includes our share of the results of Mazda, of which we own
33.6% at December 31, 2006, and certain of our Mazda-related investments.
The Other Automotive component of the Automotive sector consists primarily of centrally managed net interest
expense, which is not managed individually by the five segments.
Transactions among Automotive segments are presented generally on an absolute cost basis, eliminating the effect of
legal entity transfer prices within the Automotive sector for vehicles, components and product engineering.
The Financial Services sector includes the Ford Credit segment. Ford Credit provides vehicle-related financing,
leasing, and insurance. The Hertz segment was sold in December 2005.