Ford's Q3 impresses

|About: Ford Motor Company (F)|By:, SA News Editor

Ford (F) saw wholesale volume and revenue jump higher Y/Y in Q3 on robust demand in key regions including Asia and North America.

Operating margin during the period rose 70 bps to 7.0%.

The automaker's pre-tax loss in Europe narrowed significantly to $228M as Ford improved its market share on stronger volume.

In a bit of housekeeping, Ford paid $145M in lump sum payouts for salaried retirees and settled another $700M in obligations.

The biggest takeaway from Ford's report is that the company expects 2013 profits to be higher than 2012. (PR)

F +3.9% premarket to $18.21.