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. Last Updated: 07/27/2016

Ford's Earnings Rise




DEARBORN, Michigan -- Ford Motor Co., profiting from robust car and truck sales in North America, reported Wednesday that its second-quarter operating earnings totaled a record $2.48 billion, a 4 percent increase over the same period of last year.


The world's No. 2 carmaker earned $2 a share, compared with $2.38 billion, or $1.91 a share, for the same period of 1998.


The previous quarterly record on an operating basis was $2.42 billion in the second quarter of 1997, though that included profits from Associates First Capital, a finance unit since divested.


Sales totaled $42.3 billion, up 13 percent from $37.3 billion a year ago.