Steel Markets
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/5797d1f60126eefee07bff9a020e2593.jpg)
Ford to Produce 15,000 Less Vehicles in North America During 4Q
Written by Sandy Williams
October 24, 2013
Ford Motor produced about 1.5 million units during the 3rd Quarter. This was 187,000 more vehicles than they produced during the 3rd Quarter 2012. In the 4th Quarter total production will be 1.6 million units which is 102,000 units higher than a year ago. However, this includes a reduction of 15,000 units from the company’s prior guidance for North America.
Ford Motor Company earned $13 billion in the third quarter, down 14 percent from 2012 due to a $250 million charge related to restructuring in Europe and a $145 million charge associated with its pension plan. Pre-tax profit was $2.6 billion—an increase of $426 million from 2012 and a record for third quarter. Strong North American sales continued for the quarter along with a combined profit for regions outside North for the first time since Q2 2011.
“We substantially reduced our losses in Europe, set a record third quarter profit in Asia Pacific Africa and saw a $150 million improvement in South America,” said Bob Shanks, executive vice president and chief financial officer.
Due to improved sales worldwide, Ford raised its full-year profit guidance and expects to exceed 2012 profits of $8 billion.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/coils2.png)
US steel imports slipped in August after rising in July
July represents the second-lowest monthly rate for steel imports so far this year.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/steel_trade.png)
CRU Insight: Decarbonization will reshape global steel trade flow
This CRU Insight explores how decarbonization will play a significant role in redefining steel trade patterns by shifting regional competitiveness and increasing steel demand needs.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/price_question.png)
Steel Summit 2024: Leading analysts forecast coming year for steel
Leading industry analysts on Monday discussed steel prices and how they will be impacted by trade policy, consolidation, mill discipline, November’s elections, and more.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI: Raw steel output jumps, capability surpasses 80%
Having risen for three weeks in a row, weekly production is now at the highest rate seen since February 2023.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/worldsteel_logo.png)
Monthly steel output falls in China, rises in RoW
Global steel output fell 5% in July according to World Steel Association’s (worldsteel) latest release. Total steel mill production around the world tallied up to 152.8 million metric tons (mt) for the month of July, the second-lowest monthly rate seen this year.