EBIT is Ford's revenue minus expenses, excluding tax and interest. Many analysts believe EBIT is a good indicator of a company's health and profitability. Ford's yearly results are largely due to strong sales of its F-Series pickups and continued gains in its commercial vehicle business.

Ford Motor Co. says it continues to focus on improving customer experience and is making some key leadership changes in the process that it says will help it create better products, customer services and software.