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Ford Motor Company posts record thid-quarter pre-tax profits

A Ford logo is pictured at a press event to unveil the new 2011 Ford Explorer outside the Ford Motor World Headquarters in Dearborn, Michiga
A Ford logo is pictured at a press event to unveil the new 2011 Ford Explorer outside the Ford Motor World Headquarters in Dearborn, Michiga

DEARBORN (WKZO) -- Ford Motor Company posts a record third quarter pre-tax profit of 2.6-billion dollars.  The overall profit of 1.3-billion dropped 22-percent from last year however the Dearborn-based automaker is increasing its overall projections for the year.

For 2013, Ford expects total company pre-tax profit to be higher than 2012.  The company also expects automotive operating-related cash flow to be substantially higher than last year.

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