Ford Motor is optimistic that despite a 54 percent decline in its third quarter profit to $1.2 billion, the carmaker would have better results in the next quarter and 2015.

The company reported on Friday that its Q3 pre-tax profit was down from $1.4 billion compared to the same quarter in 2013 due to costs of recalls, lower volume of sales and economic problems overseas.

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"Some (issues) won't repeat, some things will still be with us ... The good news is that our new product will give is the ability to take the results to a higher level," Detroit News quotes Ford CFO Bob Shanks.

With the lower profit, the Dearborn-based automaker declared earnings per share of 24 cents, down from 45 cents from the same quarter in 2013, while revenue also dipped to $34.9 billion from $35.8 billion.

It is Ford's first negative cash flow of $700 million in four years.

The optimism of Ford officials is due to the pioneer carmaker completing 12 or more than half of its 23 product launches. It hopes to successfully roll out in late 2014 the new aluminum-bodied F-150 pickup and help reverse the 8 percent volume drop in North America during Q3 because of the month-long closure of its Dearborn Truck facility and controlled inventory of 2014 model year trucks.

Among the recent launches were the new Mustang sports car rolled out in Q3. Ford is scheduled to launch the luxury Lincoln brand in China and construct five more plants in Asia, reports Chicago Sun-Times.

Ford CEO Mark Fields added, "Launches are a complex thing, but we are absolutely on plan with the launch and it is progressing well. We're exactly where we expected to be at this point."

In a conference call with media and analysts, Fields said the lower sales volume is not a pause in sales growth but a pit stop. "Clearly, there's a lot of things going on in the world. We expect this to be a growth industry, and we're a growth company in that industry."

Analysts share Ford's rosy outlook.

KBB.com senior analyst Karl Brauer pointed out that the auto giant spent the last few years that pursued a long-term philosophy centered on platform design and engine technology, particularly the use of lightweight materials for its chassis and small displacement engines.

"These same material and drivetrain innovations will pay dividends across the rest of Ford's model line over the next decade, despite their near-term impact on profits," predicts Brauer.

Tagsford motor, quarterly earnings, automobile