Ford reports 13% rise in profits in second quarter

Bolstered by strong sales of new car models such as the Fusion and redesigned Taurus, Ford Motor Co. said on Friday that second-quarter profits rose 13% to $2.6 billion.

The results -- its best in six years -- beat Wall Street expectations and marked the automaker's fifth consecutive profitable quarter.

Sales climbed to $31.3 billion from $27.2 billion a year ago.

Buyers have been attracted to the Ford's lineup of fuel-efficient cars and new high-tech features such as the Sync voice, an in-car communications and entertainment system developed by Ford and Microsoft Corp., analysts said.

The Dearborn, Mich.-based company said it produced 344,000 more autos in the quarter compared with a year ago. In all, Ford said it made 1.4 million vehicles in the quarter.

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- Posted: 2010-07-23 13:53:36

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