This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-24653566
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Ford raises annual profit forecast | Ford raises annual profit forecast |
| (about 1 hour later) | |
| Ford has raised its profit forecast for the year amid continued strength in its home market. | Ford has raised its profit forecast for the year amid continued strength in its home market. |
| Previously the company said that profits this year would match last year's, but Ford now expects to exceed the $8bn made in 2012. | Previously the company said that profits this year would match last year's, but Ford now expects to exceed the $8bn made in 2012. |
| Third quarter profit fell 22% to $1.27bn (£780m), but that included a $250m charge to reorganise its business in Europe. | Third quarter profit fell 22% to $1.27bn (£780m), but that included a $250m charge to reorganise its business in Europe. |
| Ford's North American unit reported a profit of $2.3bn for the third quarter. | Ford's North American unit reported a profit of $2.3bn for the third quarter. |
| In a statement with the results, Bob Shanks, chief financial officer, said: "We substantially reduced our losses in Europe, set a record third quarter profit in Asia Pacific Africa and saw a $150m improvement in South America." | In a statement with the results, Bob Shanks, chief financial officer, said: "We substantially reduced our losses in Europe, set a record third quarter profit in Asia Pacific Africa and saw a $150m improvement in South America." |
| Losses in Europe narrowed to $228m in the third quarter, an improvement on the same quarter in 2012 when it lost $470m. | |
| According to Mr Shanks car sales in Europe will see "very, very modest growth" in the near term. | |
| Overall sales in the third quarter rose 12% to $36bn. | |
| Ford's business in North America has been helped by strong sales of its very profitable pick-up trucks. | |
| Ford has been selling more than 60,000 of its F-series truck every month for the last five months around a 10% improvement on 2012. |