Ford Motor Co., which had a 57 percent plunge in second-quarter net income, will not overhaul its money-losing European operations in the same way it transformed its now-profitable North American operations.
Ford Motor Co., earning its heftiest profits ever in North America, is pumping money back into operations to counter new pickups from competitors and a growing currency advantage for Japanese automakers.
Business is booming at Pioneer Natural Resources Co., an oil and gas exploration company, and so is its demand for pickups. Pioneer bought more than 250 new Ford F-Series trucks since August and is ordering 200 more.
General Motors Co. and Ford Motor Co., struggling to reverse growing losses in Europe, will each post plunging profits this week as they take different paths to fixing their operations in that economically ravaged region.
As government regulators investigate Boeing Co.’s 787 Dreamliner and company engineers search for solutions, investors and analysts are grappling with the bottom- line question: How much will the plane’s grounding cost?
Ford Motor Co., the second-largest U.S. automaker, said third-quarter profit exceeded estimates, slipping 1.1 percent, as its North America unit delivered record earnings that made up for higher taxes and losses in Europe.