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Ford Surprises Wall St. With 2Q Profit

Job cuts, slimmer losses in North America and good sales overseas helped Ford Motor Co. post surprise second-quarter earnings of $750 million, its first profitable quarter in two years, according to the Associated Press.

The company also confirmed it is exploring the sale of its Jaguar and Land Rover subsidiaries and said its U.S. market share rose during the quarter.

Posted by   at 11:13 AM to Ford | Permalink

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