DETROIT, MI - Ford Motor Co. on Tuesday reported a 129 percent jump in net income to $1.9 billion for the third quarter. The strong bottom-line result came on operating profit that grew to $2.7 billion, compared with $1.2 billion in the year-ago quarter. And those pre-tax profits were driven by $2.2 billion in automotive profits, which had a...
DETROIT, MI - Ford Motor Co. on Tuesday reported a 129 percent jump in net income to $1.9 billion for the third quarter.
The strong bottom-line result came on operating profit that grew to $2.7 billion, compared with $1.2 billion in the year-ago quarter. And those pre-tax profits were driven by $2.2 billion in automotive profits, which had a record quarter in North America.
"The Ford team delivered an outstanding quarter - with record third quarter profit, best quarter ever for North America, higher wholesales, higher
revenue, higher market share and improved margin," Ford President and CEO Mark Fields said in a statement. "We are delivering a breakthrough year."
The Dearborn automaker's revenues increased to $38.1 billion in the quarter, compared with $34.9 billion in the third quarter of 2014.