During Q2 Ford Posts Best Profits, $2.9B, Since 2000

Ford Motor Company reported Q2 net income of $1.9 billion, an increase $574M or 44% compared to one year ago. After-tax earnings per share of 47 cents were up 7 cents from a year ago, excluding last year’s special item charges.

It was Ford’s best automotive quarterly profit since 2000.

The positive results came from record pre-tax quarterly profits in North America ($2.6 billion) and in Asia Pacific ($192 million). Ford Credit helped with a pre-tax profit of $506 million. Europe and the Middle East and Africa continue to post loses. Global market share was flat at 7.6%, up one-tenth of a percentage point from a year ago.

Ford Motor reconfirmed its 2015 pre-tax profit guidance of $8.5 billion to $9.5 billion, with higher Automotive revenue, operating margin and operating-related cash flow
compared with 2014.

About Kenneth Zino

Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
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