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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

Thu, Jul 30, 2015 - 5:50 AM

While the North American and Asian divisions performed well for the company, Ford continued to have trouble in South America. Profits for the Middle-East and Africa also fell, and Europe was essentially flat for the quarter.

PHOTO: AFP

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...