While the dramatic increase in profits now that the F-150 is at full availability “shows the strength of that product,” Shanks said, he also pointed to improvements related to vehicles such as the Edge, Explorer and Lincoln MKX that have been overhauled since last year, as well as a $434 million positive swing in the contribution from Ford’s regions outside North America.
“You’re starting to see a better balance in profitability not only in North America but across the business,” Shanks said. “There’s a lot of positives in the business that have nothing to do with F-150.”
Unlike 2015, Shanks said the first half of this year will be stronger than the second, which is typical for most automakers due to model changeovers and holiday plant shutdowns that happen in the second half.
“We’ll have a strong second quarter,” Shanks said. “There is actually nothing in the results of any of the business units that was unusual. This is really quality earnings right across the board.”