Ford, with its profit of $2.6bn in the last quarter surprised Wall Street as it continued its sales from rivals. The American number two maker of car witnessed it sales increasing at almost double the total pace of the entire industry. After the company announced its fifth continuous quarterly profit, the one time debt-laden company stated that it was right back on track so as to remain profitable for the year 2010.

On the other hand, Germany’s Volkswagen said that its sales had rose by 16% in the first half.
The three months that is from April to June saw the revenue of Ford rising from $27.2bm a year ago to $31.3bn, more than the analysts’ estimation of $29.8bn.

The sales of the cars in the first six months of the year 2010 rose by 28% that was almost double the pace of the industry.
Alan Mulally, Ford’s Chief executive said in a statement of the company that it was a “very strong second quarter… and we are ahead of where we thought we would be despite the still-challenging business conditions”.
The shares of Ford were opened on Wall Street rising 2.16% at $12.35.

Meanwhile, Volkswagen, Europe’s largest carmaker, also saw a good start in 2010. The strong demand from China saw a 16% rise in the first-half sales leading to 45.7%up to 950,300 vehicles and in the US the sales were up 29.2% to 175,300.
A total of 3.58 million cars were sold by Volkswagen in the first half of the year.

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