By Max Clarke
Ford Motor Company (NYSE: F) have posted a quarterly profit of $.2.4 billion, down $201 million from the second quarter 2010.
Total revenue for the Dearborn, Michigan motor giant increased over the same period, topping $35 billion- an increase of $4bn.
“We delivered very good second quarter results while growing the business globally and serving more customers in every region,” said Alan Mulally, Ford president and CEO. “Despite an uncertain business environment, we further strengthened our balance sheet and continued to invest for the future.”
Second quarter pre-tax operating profit was $2.9 billion, or 65 cents per share, a decrease of $64 million, or 3 cents per share, from second quarter 2010. Total Automotive results improved, offset by an anticipated reduction in Financial Services results.
Ford increased their share in Europe and North America and also launched a $350million factory in China.
Asia Pacific and Africa again emerged as the laggards, generating profits of just $1million- down a staggering $111 million from the previous year.
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