Ford Had $2.3 Billion Profit in Second Quarter

- July 22, 2009

Ford shows sur­pris­ing gain of $2.3 bil­lion for the sec­ond quar­ter, vs $8.67 bil­lion loss for the same quar­ter last year. Prof­its are due large­ly to a restruc­tur­ing of the company’s debt, but with­out that gain Ford stil would have lim­it­ed its loss­es to $424 mil­lion from $1.03 bil­lion a year ago.