Ford surprised Wall Street after reporting a profit of $ 2.6 billion in the second quarter of the year, earning shareholders 61 cents per share, beating the Forecast 40 cents. Ford's American sales rose 28 percent since the beginning of the year, almost doubling of its competitors. However, Ford has forecast a decline in sales to go hand-in-hand with the weak economy, as well as the increased cost of aluminum, along with their seasonal plants.
Ford President and Chief Executive Alan Mulally said in a conference call with analysts and media, "overall, our performance this year gives us great confidence in the future." Ford is convinced that the company is making more money due to self-supporting structure global where vehicles around the world share parts. Although sales in Western Europe, sales rose significantly fell in other parts of the world, like Brazil, India, United States and China.
Mulally also observes, "the overall business environment remains a challenge, but we expect growth to continue." U.s. sales remain low due to economic uncertainty, which is why Ford has reduced its forecast total sales for the year by half a million cars and trucks. They are predicting sales of 11.5 12 million for the year. However, actions have remained in good position, receiving a boost of 41 cents, up to $ 12.50 during the early hours of July 23, sales accelerated its F-150 pickup truck and the Ford Fusion Sedan.
Ford closed the second quarter have 17. 2 percent of the u.s. market, which represents an increase of 16.9 per cent, they were at the end of the first quarter. Q2 also saw pay $ 7 billion in debt and earning $ 2.6 billion, an increase of actions by 61 cents each. Ford continues to work hard to pay their debts.
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