Ford’s rebound revs up with strong profit

By doris | Published: July 25, 2010

Full Story at msnbc.com

DEARBORN, Mich. — Ford Motor Co. posted a strong second-quarter profit Friday but trimmed its U.S. sales forecast and predicted weaker results in the second half as the economy slowly recovers.

The automaker surprised Wall Street, making $2.6 billion in the quarter as it continued to grab sales from rivals. Ford’s U.S. sales rose 28 percent in the first six months of this year. That’s almost double the pace of industrywide sales.

“Overall, our performance this year gives us great confidence going forward,” Ford President and Chief Executive Officer Alan Mulally said in a conference call with analysts and media.

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