Ford announced the results of its second quarter earnings today, marking the Dearborn automaker’s 20th consecutive quarter of profitability.
The company released its Q2 results today, announcing that it had a pre-tax profit of $2.6 billion. That marks an increase of $44 million over the same period last year and a net income of $1.3 billion, up $78 million from the second quarter of 2013 including pre-tax special item charges of $481 million. Revenue dropped slightly to 37.4 billion.
Ford also marked a quarterly profit in Europe for the first time in three years. The company also affirmed its 2014 pre-tax profit guidance of between $7 billion and $8 billion amid its busiest year of new product launches ever. In 2014, Ford plans to release 23 new products globally, of which 16 will be sold in North America.
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