Meanwhile.....Ford second-quarter results show sales continuing to rise

[Blue Goose]

Ford second-quarter results show sales continuing to rise

The US carmaker Ford has continued its winning streak, reporting its ninth consecutive quarterly profit as it bounces back from near disaster.

But despite rising sales, Ford's profits dipped 8% during the second quarter amid rising commodity prices and increased expenses as the company invested in new vehicles and paid off debt.

Ford earned $2.4bn (£1.5bn) in the second quarter, compared with a profit of $2.6bn during the same period last year, although it said that the results in the second half of 2011 were expected to be lower due to higher commodity prices and seasonal trends.