Ford's Q3 impresses


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.

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Comments (4)
  • al roman
    , contributor
    Comments (18418) | Send Message
     
    Leading the Charge in going electric,long time in coming.
    24 Oct 2013, 08:32 AM Reply Like
  • buktop
    , contributor
    Comment (1) | Send Message
     
    go ford
    24 Oct 2013, 09:07 AM Reply Like
  • al roman
    , contributor
    Comments (18418) | Send Message
     
    Electric,efficient & affordable,would be the Darling.
    24 Oct 2013, 09:18 AM Reply Like
  • Scate1960
    , contributor
    Comments (141) | Send Message
     
    Go Ford
    24 Oct 2013, 10:17 AM Reply Like
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