Ford Quarterly Profit Off 17.5%
- Share via
Associated Press
DETROIT — Ford Motor Co. said today it recorded a $313.1-million third-quarter profit this year, 17.5% below a year earlier, mainly because of low-interest deals offered to customers in August and September.
The net income of the nation’s No. 2 auto maker was $1.70 per share of common stock in the three months ending Sept. 30, compared with $2.05 per share, or $379.7 million, in the same period last year. Ford’s third-quarter sales totaled $11.6 billion, down 2% from the year-ago period.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
