Ford Motor Co.
) declared in its 14th annual Sustainability Report that it has
successfully reduced CO2 emissions at its global facilities by
37% per vehicle during 2000 to 2012. The automaker is on track to
reduce emission level by 30% during 2010 to 2025.
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Ford has been able to cut CO2 emissions at its global facilities
by 4.65 million metric tons or 47% since 2000. The company also
succeeded in reducing emissions at U.S. facilities by 10% per
vehicle produced during 2002 and 2012. Even emission level from
tailpipe has been decreased by 16% with the introduction of new
vehicles like Ford C-MAX Energi plug-in hybrid.
Ford is focused on delivering eco-friendly and quality products
together with ensuring sustainability. The automaker strives to
develop products and technologies at its facilities in line with
its business targets while maintaining sustainable CO2 levels.
Ford has introduced six electrified vehicles to improve fuel
efficiency and cut CO2 emission. The electrified vehicles include
C-MAX Hybrid, C-MAX Energi, Fusion Hybrid, Lincoln MKZ Hybrid,
Fusion Energi plug-in hybrids and Focus Electric.
Next, Ford is planning to expand capacity by 50% for its industry
leading 3-Wet paint, which will reduce CO2 emissions by 25%. It
also plans to introduce this environment-friendly process to 4
more plants in 3 continents.
Mich.-based Ford is one of the largest automobile producers in
the world. Currently, the company carries a Zacks Rank #3 (Hold).
Ford posted a 4.1% increase in profits to $1.6 billion and 5.1%
in earnings per share rose to 41 cents in the first quarter of
2013, beating the Zacks Consensus Estimate by 3 cents.
Revenues improved 10.5% to $35.8 billion, exceeding the Zacks
Consensus Estimate of $32.8 billion. The improvements in revenues
and earnings were mainly attributable to Ford's strong
performance in North America and Asia Pacific Africa, partially
offset by unfavorable exchange rate in South America and
uncertainties in Europe.
Magna International Inc.
), carrying a Zacks Rank #1 (Strong Buy) are performing well in
the broader industry where Ford operates.