Ford 2014 Annual Report Download - page 64
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Please find page 64 of the 2014 Ford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
The decrease in pre-tax profit for 2013 compared with 2012 is more than explained by higher costs and unfavorable
exchange, offset partially by favorable market factors. The higher net pricing reflects partial recovery of the adverse
effects of high local inflation and weaker local currencies, along with pricing associated with our new products.
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