Ford says outlook for its 2nd quarter is improving

Ford’s second-quarter outlook is improving, with large numbers of customers making reservations for four of its new vehicles. Ford Motor Co. now anticipates its quarterly adjusted earnings before interest and taxes to top its expectations and be significantly better than the year-ago period. Although there’s still uncertainty around semiconductor supply, Ford is seeing improvement in its automotive business due to lower-than-expected costs and favorable market factors. It’s also being helped by increased vehicle auction values.