Net Profit for Ford

Ford Reports a Net Profit of $750 Million

Ford Motor Company reported a net profit of 31 cents per share, or $750 million, for the second quarter of 2007. This compares with a net loss of 17 cents per share, or $317 million, in the second quarter of 2006. Ford’s second-quarter revenue was $44.2 billion, up from $41.9 billion a year ago. The increase primarily
reflected currency exchange, mix and net pricing improvements, partially offset by lower volume.
"We continue to focus on the four priorities of our plan - restructuring the business to operate profitably, accelerating the development of new products that our customers want and value, funding our plan and improving our balance sheet, and working even more effectively together as one global Ford team, leveraging our assets," said Ford President and Chief Executive Officer Alan Mulally. "Our team is very encouraged by the significant progress we are making. We recognize the challenges that lie ahead and remain fully committed
to delivering our plan."