Ford is rolling along nicely, with a positive second-quarter sales report and a $2.3 billion profit in North America. The Dearborn, Michigan-based manufacturer captured $1.2 billion globally from April to June, with a $177 million profit in Asia. Even in Europe, the land of doom and gloom for automakers not named Mazda, Ford saw some success as it lowered its expected full-year loss from $2 billion to $1.8 billion. The company lost $348 million in Europe during the second quarter, which, believe it or not, represents a $56-million improvement over 2012.

According to the report on CNBC, Ford enjoyed a three-percent increase in pre-market trading thanks to the news. The strong demand for the F-150 propelled growth in the US market, while Ford's 47-percent increase in Asian sales can be attributed to the new EcoSport crossover and Kuga (Ford Escape in the US) arriving in the somewhat fragile Chinese market.

Pre-tax profits for Ford are expected to be in the neighborhood of $8 billion by the end of the year, with sales the US, Europe, and China all looking up. The company also shifted $4.78 billion of asset-backed debt in the form of bonds, according to a report by Bloomberg. This move came amidst rumors of the Federal Reserve cutting back on its $85-billion-per-month bond purchases. Ford wasn't alone among automakers looking to sell off debt, though, as Mercedes-Benz and Nissan shifted around $1 billion each in bonds relating to auto loans.


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  • 30 Comments
      Alex740
      • 1 Year Ago
      Don't own a Ford but I'm a very happy shareholder once again today. After driving my first Ford in years, a Fusion rental several weeks ago, I have to say they are doing a lot right in their new products and I will actually put them on my list the next time it's time for a new car.
      Randy
      • 1 Year Ago
      Ford Rocks! I'm so excited their doing so well. Bill Ford got Mullaly with help of a team. All of which deserve the credit. Lets not forget the line workers, maintenance, engineers and administrative staff. Its a group effort! One Ford! Now just get that stock up a few more clicks so I can cash out! :-)
      • 1 Year Ago
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      Avinash Machado
      • 1 Year Ago
      Kudos Mulally and team.
      Andrew
      • 1 Year Ago
      Nice orange peal nice to see qualityy is still job one at FORD!!!!!
        ngiotta
        • 1 Year Ago
        @Andrew
        Judging by your grammar, I'd be surprised if you had all of your teeth.
        • 1 Year Ago
        @Andrew
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          • 1 Year Ago
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      turboawdftw
      • 1 Year Ago
      ford has good products, but apparently shoddy quality, as per all respected reliability studies... which really is too bad, because they really make products i want to buy, but i'm afraid to do so because of reliability. so i'm surprised at their profits, considering.
        Jesus!
        • 1 Year Ago
        @turboawdftw
        They do have quality issues. My 2010 f150, 12 Focus, and my gmas 12 Taurus have had more issues and problems than my gmas 2000 Taurus and grandpas 02 F150 which is pretty much in my posession now. Paint is AWFUL. Had a paint defect in the f150, clearcoat has cracked on the Taurus, and there are parts if the vehicle that were not painted properly. Ive been seeing a lot of paint blobs on vehicles. Also on the new Taurus it was in the gas tank recall, it has had two interior door handles replaced, interior rattles, and now the ignition is loose. I grew up die hard Ford but they styling and reliability on tge simple things has gone way downhill.
      • 1 Year Ago
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      ELG
      • 1 Year Ago
      just wait until the unions get their grubby little hands on that cash
      aatbloke1967
      • 1 Year Ago
      Had the US government not intervened in the enormity of the assistance it gave to the motor and banking industries in 2008/9, the resultant effects on the US economy would not have borne thinking about. The sheep here balling on about "Government Motors" and the likes ought to think about a rapid economic collapse so colossal, they would have now been answering to the Chinese and their mopping up operation of the American private sector.
      • 1 Year Ago
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      kisstoryfan
      • 1 Year Ago
      Now why can't FORD have a recall on 2007 ford edge. My fuel tank leaks at the seals and it's only 5 years old. And FORD won't help. Even when they had the same problem in 2 others years.
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