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A Ford Mustang Cobra sits on display at the Koons Ford dealership in Fairfax, Virginia, July 24, 2013. Ford Motor Co, maker of the top-selling F-150 pickup truck, reported a better-than-expected second-quarter profit on Wednesday, buoyed by truck sales, higher vehicle prices and stronger results outside the core North American operations.
A Ford Mustang Cobra sits on display at the Koons Ford dealership in Fairfax, Virginia, July 24, 2013. Ford Motor Co, maker of the top-selling F-150 pickup truck, reported a better-than-expected second-quarter profit on Wednesday, buoyed by truck sales, higher vehicle prices and stronger results outside the core North American operations.
(Jonathan Ernst/Reuters)

FINANCIAL TIMES

Ford’s European business gently steps on the gas

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Trees do not grow to the sky but, by the same logic, even the deepest pit has a bottom. That is – one hopes – the lesson from Ford Motor Co.’s second-quarter earnings report, released on Wednesday. The carmaker’s fine results got a lift from improvement in, of all places, Europe.