January 22, 2003
Ford of Canada’s 2002 revenues increase 7.9%
Oakville, Ontario – Ford of Canada posted annual revenues of
$23.3 billion in 2002, an increase of 7.9 percent compared to $21.6 billion in
The year-over-year improvement was the result of increased vehicle sales
at the company’s 502 Ford and Ford-Lincoln dealerships, along with gains in
the production of engines and vehicles. Company president & CEO Alain Batty
said Ford of Canada is poised for continued growth in 2003.
“Ford of Canada is moving forward. In 2003 we will continue to emphasize
back-to-basics business fundamentals – such as dealer profitability, improved
sales and great products, while doing our part to further the objectives of
Ford’s North American revitalization plan,” he said. The company’s 2002
operational highlights included:
- In 2002, Ford F-Series earned the title as Canada’s best selling pickup
truck nameplate for the 37th straight year. As well, Ford Explorer became
Canada’s number one SUV for the sixth consecutive year. In all, Canadians
purchased 258,807 Ford and Lincoln vehicles last year, an increase of 2.8
percent versus 2001.
- Ford’s three Canadian assembly plants produced 515,000 vehicles, a 2.7
percent increase compared to 2001. Four of the five product lines produced at
these plants are exclusively made-in-Canada (and nowhere else) for customers
around the world, including Ford Windstar, Ford Crown Victoria, Mercury Grand
Marquis and Mercury Marauder.
- Both Windsor Engine Plant and Essex Engine Plant produced
1.25 million engines in 2002, up 10.6 percent compared to 2001.
Ford of Canada’s operations include a national headquarters, six regional
offices, six vehicle assembly and engine manufacturing plants, two parts
distribution centres, and affiliates including Ford Credit, Jaguar, Volvo,
Land Rover and Hertz. Ford employs more than 16,000 people, while an
additional 21,000 are employed in the 502 Ford and Ford-Lincoln dealerships
across Canada. In 2002, revenues for Canadian operations were $23.3 billion,
making Ford of Canada one of the country’s largest privately-held companies.
Since 1990, Ford has invested nearly $9.5 billion in its Canadian operations.
For more information, please visit www.ford.ca.
The 2002 and 2001 revenue figures above reflect Ford’s Canadian-based operations, and do not include Ford of Canada’s ownership of companies including Ford of Australia, Ford of New Zealand and Ford Lio Ho Taiwan.