Is Ford's Profit "Engine" Finally Starting to Sputter?
![Is Ford's Profit "Engine" Finally Starting to Sputter?](http://g.foolcdn.com/editorial/images/451868/18fordf150_07_hr.jpg "Is Ford's Profit "Engine" Finally Starting to Sputter?")
Ford Motor Company (NYSE: F) said this past week that it earned $2.2 billion in pre-tax profit in its North America region in the second quarter. That's a solid result, but it's down from a year ago, when Ford earned $2.7 billion.
The story of the drop isn't as simple as you'd think. It's true that Ford's U.S. sales, which drive most of its results in North America, were down 3.3% in the second quarter from the same period last year. It would be easy to conclude that that's the story.
A 7.4% jump in U.S. sales of Ford's F-Series pickups wasn't enough to power a year-over-year profit gain for Ford in North America. Image source: Ford Motor Company.
Source: Fool.com
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