Ford surprises with 44% Q2 profit jump
Strong sales of sport utility vehicles and trucks helped lift earnings even as sales of F-150 pickup took a hit
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Dearborn, Michigan
REVERSING a period of lacklustre earnings, Ford Motor Co on Tuesday reported robust profits, surging 44 per cent in the second quarter compared with a year earlier.
The growth in net income, driven by record-setting profit in North America, helped propel Ford to after-tax earnings of 47 US cents a share, nearly 10 US cents higher than Wall Street analysts had expected. The overall automotive division's quarterly profits were the highest in 15 years.
