Ford of Canada announces 1999 results
OAKVILLE, ON, Jan. 26 /CNW/ – Record vehicle and engine production, and improved sales in Canada, were among the key factors in Ford of Canada posting 1999 consolidated sales revenues of $30 billion, an increase of 13 percent compared to 1998.
"Ford of Canada's strong sales performance is a direct reflection of the enduring work ethic and business acumen of our 14,000 employees and 568 retailers across Canada," said Bobbie Gaunt, President & Chief Executive Officer, Ford Motor Company of Canada, Limited – Canada's longest established automaker, now in its 96th year. "Our innovative products, fresh approach to retailing and leading edge e-business tools did not go unnoticed by Canadian consumers in 1999. They responded by rewarding us with their confidence and their loyalty," she added. For 1999, Ford of Canada domestic vehicle sales of 282,453 were up 4 percent versus 271,479 in 1998. As well, the company's three Canadian vehicle assembly plants combined to produce an all-time record 685,517 cars and trucks in 1999, surpassing the previous year's production by 9.6 percent. Last year, the world's only source of Windstar minivans, Oakville Assembly Plant, produced a record 303,212 Windstars for sale in over 50 countries. The figure surpassed 1998 levels by 24.3 percent. Ford's Ontario Truck Plant produced 114,676 F-Series pickups in 1999, a 2.3 percent increase. F-Series was Canada's best-selling truck for the 34th year. In addition, it was the top-selling vehicle in Canada for the sixth – and in the United States for the 18th – consecutive year. The St. Thomas Assembly Plant, also in Ontario, was the world's exclusive manufacturer of 267,629 Ford Crown Victoria and Mercury Grand Marquis full-size luxury sedans. Strong demand for Ford trucks, vans and sport utility vehicles led to record production at Ford of Canada's Windsor-based engine plants in 1999. Ford's Windsor Engine Plant and Essex Engine Plant closed the year with total production of 1,484,000 engines, an 8.9 percent increase. Ford of Canada's profit information is incorporated in the consolidated reporting by Ford Motor Company which is also being released today.