GM and Ford truck past economic road blocks

Ford has had a particularly rough ride of late, still grappling with the consequences of a fire at crucial aluminum supplier Novelis. On Tuesday, it reported that overall revenue fell 4% year-over-year to $48.3 billion. Nonetheless, the maker of the quintessentially American F-150 truck managed to increase its operating profit by $400 million, thanks partly to continued pricing power. Combined with lower costs, boss Jim Farley announced that the company now expects up to $11 billion of such profit for the full year, up from $10.5 billion previously.

Cross-town rival GM is on a similar track, last week reporting strong second-quarter operating profit, lifted $700 million year-over-year by pricing. The company led by Mary Barra increased its profit forecast for 2026 as well, up to $16 billion from a high of $15.5 billion. Together, GM and Ford could reap $27 billion if they hit the top end of the range, rising by more than a third from last year.