Car-maker reports profitable half

Dearborn: Ford Motor Co reported second-quarter net income of $2.6 billion (€2.02bn), completing its most profitable first half in more than a decade, as car buyers pay more for its new models.

Ford earned $4.7bn in the year’s first six months, its largest first-half profit since 1998, and posted its fifth straight profitable quarter.

The second-largest US car-maker earned $2.26bn a year earlier, helped by an accounting gain.