- 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%
