Ford Motor Company released its second quarter earnings this week, reporting a sixteen consecutive quarters run in profitability.
The 2013 second quarter profits rose nearly twenty percent, the company seeing the biggest boosts in sales in North America and Asia, particularly China. Ford sales were also profitable in South America. In spite of a net loss in Europe due to a stagnant market, losses were lower than projected. Ford Company CEO Alan Mullaly says the success is an indicator that his global strategy, called the Ford ONE Plan, is working.