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Ford 2Q profit up 19% on strong prices, sales increase
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FILE - A Ford logo is seen on the grill of a car on display at the Pittsburgh Auto Show, Feb. 15, 2018. Ford Motor Co.'s net income rose 19% in the second quarter of 2022 as the company pulled together enough computer chips to boost factory output and sales. The Dearborn, Mich., automaker said Wednesday, July 27, 2022, it made $667 million from April through June. - photo by AP Photo/Gene J. Puskar, File
DETROIT (AP) — Ford Motor Co.'s net income rose 19% in the second quarter as the company pulled together enough computer chips to boost factory output and sales. The Dearborn, Michigan, automaker said Wednesday it made $667 million from April through June, compared with $561 million a year earlier. The company stuck with its full-year outlook for pretax earnings of $11.5 billion to $12.5 billion and it still expects 10% to 15% growth in vehicle sales to dealers for the full year.