Ford CFO Credits Tax Team's 'Fantastic Job' in 2Q

The transcript discusses Ford's financial performance, focusing on earnings per share (EPS), pretax operating profit, and the impact of a favorable tax rate. It highlights the guidance provided for EPS and the factors affecting pretax profit, including higher incentives and warranty expenses. The discussion also covers Ford Credit's strong performance and the challenges faced in maintaining margins due to commodity costs and unfavorable exchange rates, particularly in Europe and Asia Pacific.

What impact did commodities have on the financial results as discussed in the text?

What were the three factors that affected the pretax operating profit (PBT) mentioned in the text?