Ford Motor Company (NYSE: F) expects to get huge profits

Ford Motor Company is preparing for a new record high

In brief: Ford Motor Company (NYSE: F) is a leader among U.S. car companies, Ford profits grow steadily.

Ford Motor Company (NYSE: F) shares are rising in price. Bulls made a real carnival with elevated Ford rating. Ford Motor Company is 13.15 points, gaining nearly +0.38 (2.98%) today. Thus, previously reported that revenues of U.S. auto giant Ford Motor in the second quarter of this year amounted to 2.6 billion dollars.

Told a CEO Alan Malalli. Indicators that we are showing in this year give us reason to believe that in future the situation will only improve “, – he said. This year, according to analysts, should also be profitable for the company. However, the figures for third quarter earnings will be somewhat lower, say experts. This is explained by the fact that in the summer, some car plants, including those owned by Ford, is traditionally closed for the summer. In addition, the rise in commodity prices, especially for aluminum. Meanwhile, the level of car sales in the U.S. remains weak, but it is slightly higher than in 2009, when it was the lowest ever figure.

Igor Tringlers
2010-08-02 18:41, Economics.

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