From the Detroit News:
Ford Motor Co. earned $2.6 billion on higher car and truck sales in the second quarter, its biggest quarterly profit in 12 years, and repaid some of the debt that it took on to ride out the industry downturn.
“We’re ahead of where we thought we’d be after this excellent first half, and we expect even better results in 2011,” Ford President and Chief Executive Alan Mulally said.
“It appears to us we’re going to be able to improve the balance sheet and reduce the debt,” he told analysts and reporters Friday.
Read the full article here.
