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The Boston Globe

Business

Ford’s turnaround continues

DEARBORN, Mich. — Ford Motor Co. said Thursday that its net income fell 22 percent in the third quarter, to $1.27 billion, as the company took special charges related to restructuring its European operations and its US pension obligations.

Still, the country’s second-biggest automaker beat analysts’ expectations by setting a record for third-quarter pretax profit of $2.6 billion, up $426 million, a performance that led Ford to raise its profit forecast for the year.

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