DEARBORN, Mich. — Ford Motor Co. said Wednesday that its net income rose 19 percent in the second quarter, to $1.2 billion, as it reported record sales in North America and Asia and stanched losses in Europe.
The automaker surpassed analysts’ expectations by reporting global revenue of $38.1 billion, an increase of 15 percent from the same quarter a year ago. Pretax operating profit was $2.6 billion, up $726 million.
Strong sales in North America continued to carry the company as it loses money in Europe and restructures its operations there and invests heavily in China.
Ford said its market share grew in its four crucial global markets: Europe, South America, Asia Pacific Africa, and North America, where it grew nearly a full percentage point to 16.5 percent.
Shares of the automaker closed up 43 cents at $17.73.
Ford raised its full-year outlook, which now calls for pretax profit to equal or surpass 2012.