Ford Posts $1.9 Billion Profit in Second Quarter of 2015
Ford said that higher sale prices of new models and “favorable volume” — the company’s U.S. sales are up 1.9 percent year-over-year so far in 2015 — drove the improved results. But Ford noted that low availability of its most popular model, the Ford F-150 pickup truck, hurt the company.
Ford also enjoyed record profits in its Asia Pacific region, with $ 192 million in pre-tax income. But in Europe, Ford continues to struggle. Sales volume on the continent rose 3 percent year-over-year, but Ford says the effect of a strong U.S. dollar compared to the Euro hurt the brand there, leading to a pre-tax loss of $ 14 million.