Ford profits hit $1.1B

By Agence France-Presse

Jul 30, 2021 12:48 am

DETROIT: Ford reported a surprise profit as strong vehicle pricing offset the hit from the semiconductor shortage, sending the automaker's shares higher on Wednesday (Thursday in Manila).

Robust demand for vehicles in the reopening economy drove profits to $1.1 billion in the latest three months, about double the level seen in the same quarter of 2020, Ford said in its earnings report.

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