Ford Reports Profit on Gain From Investment in Autonomous Vehicle Company

Ford Motor Co. said today it had a second-quarter profit thanks to a gain in its investment in autonomous vehicle company Argo AI.┬áDearborn, Mich.-based Ford said its quarterly profit totaled $1.1 billion, or 28 cents a share, thanks to a $3.5 billion gain on its Argo investment. That compares with a year-earlier profit of $100 million, or 4 cents…