Shaking off a $468 million loss in Europe, Ford reports better-than-expected profits for the third quarter.
Driving profits are higher vehicle prices and lower costs in North America. According to Reuters, Ford reported an operating profit of $2.2 billion for the quarter, up from $1.9 billion a year earlier.
It was the best third quarter ever for the automaker. In North America, Ford made $2.3 billion. Ford expects to lose at least $3 billion in Europe over the next two years.