Earnings Results: Ford surprises Wall Street with Q2 profit, sees chip supply ‘improving’

Ford Motor Co. late Wednesday swung to a surprise quarterly profit, saying “strong” demand allowed it to forgo discounts on its vehicles, and guided for a better 2021 with an improving outlook for chip supplies.

Ford Motor Co. late Wednesday swung to a surprise quarterly profit, saying “strong” demand allowed it to forgo discounts on its vehicles, and guided for a better 2021 with an improving outlook for chip supplies.