Automobiles

Ford Profits Beat Forecast

Record margin of 12 percent in America

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Ford Motor Co posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America.

Worldwide, Ford earned $800 million more through price increases than it did last year. Half of that jump came from North America, where Ford has earned more than $2 billion and posted margins over 10 percent for three quarters in a row.