Mexican Media Brands
Ford Posts Record Third-Quarter Operating Profit
Ford Motor Co.'s pretax profit in the third quarter jumped 20% to a record $2.6 billion (€1.9 billion) as revenue climbed 12% to $36 billion (€26 billion).
#economics
Share
Ford Motor Co.'s pretax profit in the third quarter jumped 20% to a record $2.6 billion (€1.9 billion) as revenue climbed 12% to $36 billion (€26 billion).
Net earnings fell 24% to $1.3 billion (€942 million) because of $498 million (€361 million) in special charges.
In Europe, Ford cut its pretax loss 51% to $228 million (€165 million) in July-September. The company's unit sales in the region rose 5% to 310,000 vehicles, and revenue grew 12% to $6.5 billion (€4.7 billion).
A robust North American market accounted for most of Ford's improved results. Unit sales climbed 13% to 744,000 units, and revenue rose 12% to $21.7 billion (€15.7 billion). Pretax profit slipped 1% to $2.3 billion (€1.7 billion).
In South America, revenue and unit sales each grew 22% to $2.8 billion (€2 billion) and 143,000 vehicles, respectively. Quarterly pretax results for the region surged to $159 million (€115 million) from less than $9 million (€7 million) in 2012.
Ford, a late starter in China, says a 35% jump in sales volume there drove a 35% increase to 348,000 units in the Asia Pacific Africa region. Pretax profits climbed to $126 million (€91 million) from $45 million (€33 million).
RELATED CONTENT
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.