Carmaker Ford reported better-than-expected second-quarter earnings, as profit from its credit arm offset a loss in its automotive operations.
Net income for the firm totalled $1.2 billion on revenues of $42.8 billion dollars. Low interest rates helped its financing unit, Ford Credit, to more than double its net income from the same quarter last year to $897m.
Ford's car business lost $57m after writing off an investment in a US fuel cell project and restructuring costs in Europe.
Car sales for the second quarter were up to $36.7 billion from $34.1 billion in the same period last year while worldwide vehicle-unit sales in the quarter were $1.748m up from $1.718m a year ago.
