(October 28, 2015) DETROIT — Ford on Tuesday reported its best-ever quarter in North America more than doubling its global earnings from a year earlier as redesigns of the F-150 and other high-profit nameplates began to pay off. Ford posted third-quarter net income of $1.9 billion, up from $833 million in the same period of 2014.

With stocks of the F-150 pickup and other important vehicles back to normal levels, Ford is expected to produce big profits in the second half of the year.

Ford sells about 700,000 pickups annually, making it a high-volume, high-margin vehicle that is sold in the U.S. which is the most profitable market, said Bob Shanks, chief financial officer. F-Series pickups have an average transaction price of $42,000 which is $2,000 higher than a year ago.

Ford earned a pretax profit of $2.7 billion in North America, 89 percent more than a year ago and the most ever for any quarter. North American operating margins jumped to 11.3 percent, from 7.1 percent in the third quarter of 2014.

“The Ford team delivered an outstanding quarter — with record third quarter profit, best quarter ever for North America, higher wholesales, higher revenue, higher market share and improved margin,” CEO Mark Fields said in a statement Tuesday. “We are delivering a breakthrough year.”

Revenue rose 9 percent to $38.1 billion. Ford’s global market share (7.6 percent) and automotive operating cash flow ($2.8 billion positive) both increased for the third consecutive quarter. Its pretax automotive operating profit more than tripled, from $686 million to $2.2 billion.