Ford CFO Credits Tax Team's 'Fantastic Job' in 2Q

The transcript discusses Ford's financial performance, focusing on earnings per share (EPS), pretax operating profit, and the impact of a favorable tax rate. It highlights the guidance provided for EPS and the factors affecting pretax profit, including higher incentives and warranty expenses. The discussion also covers Ford Credit's strong performance and the challenges faced in maintaining margins due to commodity costs and unfavorable exchange rates, particularly in Europe and Asia Pacific.

What was a key factor behind the net improvement in adjusted EPS?

• Higher commodity prices

• Reduced operational costs

• Favorable tax rate

• Increased sales volume

What range of adjusted EPS guidance was provided for the year?

• 1.80 to 2.00

• 1.75 to 1.95

• 1.65 to 1.85

• 1.50 to 1.70

Which region experienced additional warranty expenses affecting the pretax operating profit?

• North America

• South America

• Asia Pacific

• Europe

What was the automotive segment's margin percentage for the quarter?

• 6.1%

• 5.9%

• 5.7%

• 5.5%

Which factor was NOT mentioned as affecting the PBT in the third section?

• One-time gain from last year

• Increased labor costs

• Unfavorable exchange rates

• Commodity headwinds