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.
Ford Motor Co., which last week won ratification of a new contract with 40,600 U.S. union workers, may restart its dividend for investors with a 5-cent payout as early as January, according to an analysis by Bloomberg.