Ford increases full-year profit outlook
Ford has upwardly revised its annual profit outlook to between $10 billion and $11 billion, driven by strong sales despite declining revenues and supply disruptions, especially in the high-margin SUV segment. Its previous forecast ranged from $8.5 billion to $10.5 billion. The company also saw an improvement in its net earnings, returning to profitability after a loss of $1.3 billion in the same quarter last year. Additionally, it reduced losses in the electric vehicle division by reallocating over 300 inspectors to boost production.
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