Ford sees best profit in 13 years on green car sales
Ford has unveiled its strongest first quarter profits for 13 years, helped by increasing demand for more fuel-efficient cars.
Profits rose to $2.55bn (£1.54bn; 1.75bn euros) in the first three months of 2011, compared with $2.09bn at the same period the year before.
"Our team delivered a great quarter, with solid growth in all regions," said Ford president Alan Mulally. Ford said the 2011 outlook was good, despite higher commodity costs. Revenue for the first quarter was $33.1bn, up from $28.1bn a year earlier.
The firm said it had seen a strong performance in its home North American market, as well as "solid improvement" in Europe. US sales were up 16%, while market share in the Asia Pacific and Africa regions also increased, the carmaker said.
source: BBC
Labels: BBC, Money, Motor Industry, News
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