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Ford Posts Strong Quarterly Profit
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Ford Posts Strong Quarterly Profit

Ford Posts Strong Quarterly Profit

Ford Posts Strong Quarterly Profit
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The automaker surprised Wall Street on Friday by announcing it had made $2.6 billion in the second quarter. Ford's U.S. sales rose 28 percent in the first six month of this year.

RENEE MONTAGNE, host:

NPR's business news starts with Ford still on a roll.

(Soundbite of music)

MONTAGNE: The country's number two automaker said its profits are up 13 percent from last quarter. This quarter's sales were not only higher for Ford, but people were paying more for new models with goodies like heated seats and fancy entertainment systems.

Ford has been slimming down, getting rid of less successful ventures, so it can focus on its core brands, Ford and Lincoln.

Ford CEO Alan Mulally said the company is ahead of where he thought it would be in spite of what he called still challenging business conditions.

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