Ford Motor’s net income rose nearly 19% in the second quarter, benefiting from rebounding sales and pent-up demand from car buyers who have had to wait on purchases due to stockouts of the concessionaires.
The Dearborn, Michigan-based automaker said Wednesday that revenue rose 50% to $40.2 billion in the April-June period, largely due to having more vehicles to sell and willing buyers to pay them high prices with still limited inventories. .