Ford boosts full-year profit projection

Ford has raised its annual profit forecast to between $10 billion and $11 billion, supported by strong sales of high-margin SUVs in the United States, despite a decline in revenue due to supply disruptions and a fire that impacted the production of its F-Series trucks. The company's net profit improved to break even after recording a loss in the same period last year, with losses in the electric vehicle sector reduced. Although quarterly revenue declined by 4%, Ford managed to offset part of the negative impact through increased sales of the Bronco and Explorer premium models.

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