Ford 2013 Annual Report Download - page 31
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Ford Motor Company | 2013 Annual Report 29
Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
South America Segment. The charts below detail key metrics and the change in 2012 pre-tax results compared with
2011 by causal factor.
As shown above, all four key metrics decreased for 2012 compared with 2011. The decrease in pre-tax profit for 2012
compared with 2011 primarily reflects higher costs and unfavorable exchange, primarily in Brazil, offset partially by higher
net pricing.
For more information visit www.annualreport.ford.com