Ford Motor Co. (F), fresh off record first-half profit in North America, has plenty left in the tank as it builds more of the models pacing the U.S. auto industry’s growth.
Ford, the second-largest U.S. automaker, made $4.77 billion in its home region during the year’s first six months, driven by surging demand for Fusion family cars and F-Series pickups. The Dearborn, Michigan-based company is adding factory capacity to build more of both of those models starting this quarter.
Even with limited supply of models such as Fusion, which quickly became one of the top-selling cars in the U.S., Ford has gained the most share in a home market that continues to accelerate more rapidly than analysts estimated. Industry sales in July may again run at an annualized pace of almost 16 million, Ford said, keeping the U.S. on pace for the most deliveries of cars and light trucks since 2007.