Ford’s Profit Jumped in Second Quarter
The automaker made more money on trucks and sport utility vehicles but reported bigger losses on electric vehicles.
The automaker made more money on trucks and sport utility vehicles but reported bigger losses on electric vehicles.
The company’s profit topped $20 billion as it pointed to early interest in its artificial intelligence products.
Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.
The automaker saw a big jump in deliveries of pickup trucks as demand from consumers and businesses remained strong.
Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market.
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