2010 Ford Taurus rolls down the assembly line in Chicago.
Ford, the only one of the Big Three automakers that took no bailout money, has posted strong second-quarter earnings. The Dearborn, Michigan-based company pulled in a $2.6 billion profit on revenues of $31.3 billion.
It's the fifth straight quarterly profit for Ford, the No. 2 car maker. It also beat Wall Street expectations.
Ford's U.S. sales rose 28 percent in the first six months of the year, nearly double industrywide growth. Troubles at Toyota and brisk sales of the Ford Fusion sedan and the F-150 pickup helped.
Even so, according to The Associated Press:
The automaker said U.S. sales, which hit a 30-year low in 2009,
remain weak, with many shoppers not yet confident enough about the economy to buy new cars. Ford cut its forecast for total U.S. auto sales to a range of 11.5 million to 12 million. The company had
predicted sales of 11.5 million to 12.5 million cars and trucks.
Ford held its third-quarter production forecast steady at 1.27
million vehicles worldwide.
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