Ford says on track to meet mid-decade profit target


DETROIT, May 19 (Reuters) - Ford Motor Co. on Wednesday said it was on track to achieve its mid-decade target of $7 billion pre-tax profit. In slides prepared for a presentation to analysts, Ford said that it is also on track to launch 40 products this year, with particular focus on cars. The No. 2 U.S. automaker had previously raised its full-year earnings forecast to between $1.50 and $1.60 a share after posting stronger-than-expected first-quarter earnings. Ford expects pre-tax ...

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