While its crosstown competitors at General Motors are smarting over a drastic drop in net income to $200 million in the second quarter, Ford has reason to celebrate. The Blue Oval has announced its own Q2 financial results, including a growing net income of $1.3 billion, a $78 million increase over last year. Pretax profits for the company reached $2.6 billion, up $44 million from 2013, but total revenue dropped slightly to $37.4 billion, down from $37.9 billion. Profits per share before one-time charges totaled 40 cents per share, beating Wall Street analysts' expectations of 36 cents a share.

Regionally, the Blue Oval performed strongly, as well. North America posted a record quarterly pre-tax profit of $2.4 billion, a $119 million increase. Europe also showed signs of turn around with its first profit in three years of $14 million after a loss of $306 million in Q2 2013. Ford is actually predicting profitability in the troubled region in 2015. Asia Pacific operations also performed well with $159 million in profits, up $29 million from last year. The only region where the business posted a loss was South America.

According to Automotive News, Ford also announced more precise plans about the changeover to build the aluminum-intensive 2015 F-150. In August, the Dearborn plant will shutdown for eight weeks to retool and its Kansas City plant will do the same next year.

For the end of the year, Ford predicts it's on track to meet its pretax goal of a profit between $7 and $8 billion. You can read the entire financial announcement in PDF format, here.


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  • 29 Comments
      Dean Hammond
      • 10 Months Ago
      this cant be true, it completely contradicts everything i have been led to believe by the final word, commonly referred to as "That Guy". His dinner conversations may involve a shotgun now.....
        Mike
        • 10 Months Ago
        @Dean Hammond
        That dudes a moron don't feed the troll with acknowledgement. ..lol
          Mike
          • 10 Months Ago
          @Mike
          Since when is personal opinion truth? Choke on your blue oval pill already....
          That Guy
          • 10 Months Ago
          @Mike
          Nah, the truth isn't trolling. Just because you don't like it, didn't make it any less true.
        Mike
        • 10 Months Ago
        @Dean Hammond
        Was meant for the that girl.. New comment system wierd
      jphyundai
      • 10 Months Ago
      What is truly amazing is that Ford achieved at least one quarterly profit in Europe. There is light at the end of the tunnel and it is not a train.
        Jarda
        • 10 Months Ago
        @jphyundai
        Things should only get better when they replace 7 years old Mondeo this fall.
          Dean Hammond
          • 10 Months Ago
          @Jarda
          ?....the Mondeo is our Fusion?....replacement already?.....you know more than i do, please share, Im REALLY curious. Currently the Fusion is selling very well...MCE I can see, although right now thats early...full replacement?.....
          The_Zachalope
          • 10 Months Ago
          @Jarda
          Dean, They're still selling the previous gen Mondeo until this fall.
      Winnie Jenkems
      • 10 Months Ago
      Good. Now please take some of that profit and invest it in Lincoln. Build me a RWD car, and build me a proper long wheelbase RWD flagship in the style of the '60s Continental, complete with suicide doors. You can do it!
      johnb
      • 10 Months Ago
      Great cars and trucks sell.
      Avinash Machado
      • 10 Months Ago
      Kudos Ford.
      Revis Goodworth
      • 10 Months Ago
      Ford's recovery is a direct refutation for any future Federal government bailout of other companies. When companies save themselves, they perform at a higher level than those who were bailed out by taxpayers. Even Fiat which got government money was saved by a private company. Government Motors is precisely the reason we should never save companies with government money ever again. Kudos to Ford - considering the mess you were in 2006, you are a Godsend now. The company knows it is still not right and is continuing to improve its products and is innovating and leading - when you take your most significant product and risk everything like Ford did with the 2015 F-series, you know this company is on the right track - leading from behind is for clowns named Obama and Government Motors. Leaders take risks and do it!
        Dean Hammond
        • 10 Months Ago
        @Revis Goodworth
        not sure i agree Revis, if either GM or Dodge had not been bailed out, the ripple effect would have left even ford in a very precarious position, suppliers would have closed doors etc etc...its one reason Mullally was at the congressional meetings to offer his/ Fords support....the ramifications of GM and Dodge going BK would have been catastrophic, both to the industry and the American economy....
        Dave
        • 10 Months Ago
        @Revis Goodworth
        Mr. Goodwrench. You do realize that Bush was the first to bail out GM, Obama merely enacted phase 2 of his plan.
      Ray
      • 10 Months Ago
      Ford >>>>> Government Crap Motors Ford >>>>> Foreign FIAT-Chrysler Juunk
        Dean Hammond
        • 10 Months Ago
        @Ray
        little harsh perhaps, but GMs management need a serious overhaul, to focus on niche products such as the Volt, ELR, Camaro...screams bad decisions, strengthen your core mainstream product first, because that where the meat of the market is....
        Larry Litmanen
        • 10 Months Ago
        @Ray
        Thanks Captain Obvious.
        Mbukukanyau
        • 10 Months Ago
        @Ray
        LOL.. what do you drive?
      jphyundai
      • 10 Months Ago
      Ford has a better ignition key......therefore does not have a problem when people hang too many items on their keychain. Or, NHTSA is just too busy with GM to bother Ford right now. NHTSA equals government waste, fraud and abuse.
      That Guy
      • 10 Months Ago
      Amazing what happens when you set the bar do low for quality. Enjoy the profits now because your low quality vehicles will catch up to you.
        Dean Hammond
        • 10 Months Ago
        @That Guy
        killin ya isnt it....just one bad decision after another...how the heck they got so sucessful is beyond me....
          That Guy
          • 10 Months Ago
          @Dean Hammond
          Not killing me at all. Why would low quality appliances that leave customers high and dry bother me? I feel bad for the people stuck with these low quality automobiles.
        Dean Hammond
        • 10 Months Ago
        @That Guy
        well there "bar" as you oput it is one hell of a lot higher than those having difficulties with recalls isnt it matt?.....hows THAT for quality?...
      Ray
      • 10 Months Ago
      http://buzz.money.cnn.com/2014/07/24/gm-ford-stocks-earnings/?source=yahoo_quote
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