Strong sales of Ford's F-150 helped drive a $2.3 billion profit in North America in the third quarter. Photo credit: Ford Motor.
Ford (F 0.69%) reported a record third-quarter profit this past week. The automaker earned $0.45 a share before taxes and special items, a number that blew away Wall Street estimates, as all of Ford's global regions delivered solid results.
In North America, the "engine" of Ford's business, strong sales of the F-150 pickup -- and gains for Ford's small cars in regions long dominated by import brands -- helped Ford deliver a strong profit of $2.3 billion despite rising costs.
Fool contributor John Rosevear spoke with Ford's chief financial officer, Bob Shanks, shortly after the company's earnings were released on Thursday. In this video, he dives deeper into Ford's third-quarter results in North America, explaining the high points -- as well as the areas where Ford says it still has work to do.
