Ford's Q3 results show investment in aluminum F-150 was paying off

Ford Motor posted third quarter results which narrowly missed expectations but showed the automaker is doing extremely well in the United States.

Ford was the number one selling brand in the U.S. and its aluminium F-150 sales hit a nine-year high. The automaker posted third quarter profits of $0.45 a share, excluding one-time items, that was a penny short of forecasts. The shortfall was due to the company paying a 33 percent rate versus 32 percent. On the top line, auto sales came in at $35.8 billion, slightly higher than forecasts and about nine percent above the same period last year.

Ford CFO Bob Shanks said over the next 12 months, emerging markets will continue to be a challenge and he believes South America has not hit bottom yet. In China, the automakers market share was unchanged from a year ago. One bright spot, Ford's Lincoln brand saw sales climb 15 percent from a year ago, making it the brand's best quarter in seven years.

Ford and the UAW are set to begin contract negotiations soon. Looking ahead to 2016, Shanks expects the aluminium F-150 sales momentum to continue.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.