Home / News / State News / Ford Shows Slightly Lower Quarter Numbers
Frank A. Douglass Insurance Agency

Ford Shows Slightly Lower Quarter Numbers

Ford’s second quarter numbers are strong, just not as strong as last year.

Net income was down nine percent at $2 billion from April to June, with a 52-cent a share profit, off two cents from a year ago and falling short of Wall Street’s expectations for 60 cents a share.

Ford’s Chief Financial Officer Bob Shanks says the U.S. auto market is leveling off, with the industry’s already high volume not going much higher.

Shanks adds the industry as a whole remains healthy, but with no signs of near-term growth based on current sales.

Check Also

Whitmer Pardons Turkey

For the first time, Michigan Governor Gretchen Whitmer has pardoned a turkey in advance of …

[sam id="3" codes="true"]