Ford Posts 1.3B Net Income in Second Quarter

Ford Posts 1.3B Net Income in Second Quarter

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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