Ford surpasses expectations as profits rise 18.6% in 2Q
Dearborn— The bulk of Ford Motor Co.’s second-quarter profits once again came from North America, but financial results in other regions have Ford executives the most excited.
The Dearborn automaker beat analysts’ expectations as profits rose to $1.23 billion during the second quarter, the company said Wednesday. Abroad, Ford nearly broke even, despite a tumultuous European market, high infrastructure costs in Asia and unfavorable exchange rates in South America.