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Thursday, October 29, 2015

Ford profit rises with strong performance in North America

DEARBORN, Mich. — Ford Motor Co. reported third-quarter earnings of $1.9 billion — more than double the results from the same period a year ago — as the company reaped the benefits of full inventories of some of its most profitable vehicles.

Earnings easily outpaced the $835 million reported in the same quarter a year ago, when sales and profits in North America felt the short-term impact of an aggressive year of product launches.

The company maintained its previous expectation that it will earn $8.5 billion to $9.5 billion in pre-tax profit for the year.

"It's an outstanding quarter with records across various parts of the operation," Ford chief financial officer Bob Shanks told reporters.


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