The U.S. automaker reported a $1.7 billion profit on strong demand for its revamped line of products, despite a lackluster economy. Continued growth at its Ford Credit finance unit also helped push profits higher.
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Riding high on improved demand for its vehicles, analysts expect Ford to post a record third-quarter profit of $1.37 billion tomorrow. The automaker’s current third-quarter earnings record is $1.13 billion, set in 1997.
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First Toyota, now Honda: Japan’s No. 2 automaker said Thursday it also plans to recall an as-yet undetermined number of vehicles because of brake fluid leaks that could lead to reduced braking power. Toyota’s recall for same is…
Toyota Motor is issuing another recall — this time it involves 740,000 cars and sports-utility vehicles in the U.S. and nearly 600,000 units in Japan to repair a seal on the vehicles’ brake master cylinder that may leak fluid …
Addressing recent reports that Ford is looking to pull out of its partnership with Mazda, the head of the Japanese carmaker said Wednesday that the alliance remains intact. “We have an agreement with Ford,” Mazda CEO Takashi Ya…