StockMarketWire.com - Car giant Ford posts second quarter net income of $2.6bn, or 61 cents per share - a $338m improvement from 2009.

Pre-tax operating profit totalled $2.9bn - a $3.5bn improvement from second quarter 2009 and $932m up from the first quarter.

Ford Automotive operations posted a second quarter pre-tax operating profit of $2.1bn - a $3.2bn improvement from second quarter 2009 and $872m up on the first quarter.

Ford saysd it is is on track to deliver solid profits in 2010 with positive Automotive operating-related cash flow, and continued improvement in 2011

By the end of 2011, Ford expects to move from an Automotive net debt position to a net cash position. Story provided by StockMarketWire.com