• Jul 24th 2013 at 10:16AM
  • 34
Pickup sales helped increased Ford's earnings beyond se... Pickup sales helped increased Ford's earnings beyond second quarter forecast (Ford Motor Co.)

Ford Motor Co. bested forecasts for second quarter earnings with brisk sales of its Fusion sedan and Escape SUV, as well as increased pickup truck sales and diminished losses in recession plagued Europe.

Ford delivered a second-quarter profit of $1.2 billion, a jump of $193 million over year-earlier numbers, or 18.5%. On a per-share basis, Ford earned 30 cents, a 4 cent increase compared to the April – June 2012 period.

In a sign that the U.S. economy continues to improve and Ford has figured out the U.S. car buying consumer again, it posted record earnings in North America, as well as China. In China, though, the company is playing catch-up as it still lags more stablished players like Volkswagen and General Motors.

"We are at the phase where we are starting to get contributions from other areas of the world," said Chief Financial Officer Bob Shanks in a briefing with reporters. "If you take the operations outside of North America and combine them, they are about break-even--in the first quarter it was a $600 million loss."

The U.S. market, in particular, has been kind to Ford. With projections that the U.S. will buy 15.5 million new vehicles this year, one million more than last year, Ford will be a big beneficiary as it has increased its market share this year by one full percentage point.

Besides better sales and higher transaction prices for vehicles like Fusion, Escape, Focus and F-Series pickup, sales of hybrids are surging for the Dearborn, Mich., automaker. It announced this week that sales of its hybrids reached record levels in recent months, notably taking market share from long-time hybrid leader Toyota. Pickup sales, in general, were up 22% for the first half, or roughly three times the overall U.S. automotive market's upturn.



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  • 34 Comments
      monza866
      • 2 Years Ago
      And they did not take Obamamoney.
      dave03110331
      • 2 Years Ago
      And they did it with good management not a bailout with our taxmoney by the incompetent Obama Administration.
        bluetimestwo
        • 2 Years Ago
        @dave03110331
        Speaking of incompetent...don't forget Bush 1 - Bush 2 and Reagan, the god who came to earth.
          jcnjr30
          • 2 Years Ago
          @bluetimestwo
          You can't forget carter, clinton and obama. The three worst presidents American has ever seen.
      Joey
      • 2 Years Ago
      I'd rather walk than ride ANYTHING that comes out of Detroit!!!
      ronnycorona
      • 2 Years Ago
      Ford has been building quality vehicles at LEAST since 1999. That's when I bought a new Mustang GT. Best car I've ever owned. Maybe too good since I don't feel the need to replace it. Keep up the good work Ford.
      Dave&Janet
      • 2 Years Ago
      we have two f250 superduties one has 641600 miles the other 512000 both v-10 have not been rebuilt, one is a 2000the other an 01, to bad they took the v-10 out of the pickup,
      Manolo
      • 2 Years Ago
      I started buying Ford cars right after the bail out. One small way to express my displeasure about the government giving money to private companies.
        sbhh74
        • 2 Years Ago
        @Manolo
        Ford took 9 billion of tax payers money to help them build green cars ...just thought you might like to know
      Walt
      • 2 Years Ago
      Playing catch up to VW. I cant believe people are still buying these cars. With average or below average ratings by JD Powers and KKB why would someone even consider the VW line. That SUV of theirs has to be one of the worst designs to come out of Germany. I would take the Ford line any day. I think people are still living back in the 1970s when Americas cars left much to be desired. Today Gm and Ford make soem of the best vehicles on the road.
      LongDuckDong
      • 2 Years Ago
      Im still driving my 99 Ranger and have never had any major work done to it. Going to be a sad day when it dies and I cant buy a new one.
        HAT1701D
        • 2 Years Ago
        @LongDuckDong
        Well, you could buy a new one if you lived in one of over 100 other countries. The new one has a semi-sortof Ford Raptor look to it and you can buy it with a diesel engine. Just not here in America.
      bluetimestwo
      • 2 Years Ago
      Ford sells quality vehicles. That's why Ford didn't need a government hand out. Quality sells and creates repeat buyers.
        hgeorgech
        • 2 Years Ago
        @bluetimestwo
        blue .. Ford was also in the right place at the right time ... (economically speaking) - vehicle quality had little to do with it
      engineherder
      • 2 Years Ago
      All of my Fords have been very reliable. My Escort with a 4 speed manual transmission got 50mpg with a plain old 1.9 liter gas engine. I do wish that they would make more of their parts in the US.They could stablize economies in states like Indiana that already have parts plants that make parts for Hyundai and other foreign companies that are manufactoring here.
      cross61roads
      • 2 Years Ago
      Great so stop buying that foreign junk made in those Southern Goober states and support real American workers.........
      polk5150
      • 2 Years Ago
      Type your comment here See what not taking government hand outs gets you.....Prosperity....think!!!
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