Ford Overseas Gains Bolster Profit as Outlook Raised for ’13
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Ford Motor Co. earned a rare profit from its overseas operations on rising demand for Focus compact cars in China and B-Max vans in Europe and boosted its outlook for the full year.
Ford raised its forecasts for total company pretax profit and operating margin for the full year after posting a third-quarter profit excluding one-time items of 45 cents a share, beating analysts’ estimates. The Dearborn, Michigan-based company’s automotive sales rose 12 percent to $33.9 billion.