• EPS $0.40 vs $0.36 exp
  • Revenue $34.4bn vs $36.3bn exp
  • Net adj income $1.64bn vs $1.47bn exp

Fords CFO Bob shanks says;

  • Europe on track to achieve profitability in 2015
  • Europe year guidance remains unchanged
  • Profit in Europe mostly from cost cutting
  • Closing of plant in Belgium was most of separation cost
  • Had 11.6% margin in North America
  • Cut South America losses 40% from Q1, still face lots of challenges
  • Wrote down entire investment in Russian JV ($3298m)

Sales in China have been a big driver in Fords business this year as 2014 first half sales were up 35% with a record 549,256 vehicles. European deliveries have risen 6.6%