Ford Announces Q3 Earnings

Ford attributes much success to the Focus

Oct 24 2013, 11:19am CDT | by

Ford Announces Q3 Earnings
Ford

Ford had a very good quarter during Q3 thanks in large part to its Focus compact vehicle. Ford reported its adjusted net income and is expected to be in the area of $.37 per share for Q3. It's a slight decline from the $.40 per share Ford earned in the same period of last year.

While Ford's earnings are down slightly, Ford is taking advantage of the strong market in the US and the growing market in Europe and China. Ford announced this week that the Focus compact car is the best-selling vehicle nameplate in the world for the second year.

Ford is basing the claim on numbers collected by RL Polk. Ford notes that much of the growth for the Focuses the demand in China which is up 137% compared to last year. Despite the vehicle selling well globally, Ford recently idled the plant where the Focus is produced in the US because of an excess supply.

 
 

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Shane is a self described car aficionado. He loves muscle cars, but also knows how green cars work. He has years of experience in testing cars and writes about cars with deeply felt emotions.

 

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