DETROIT, MI - Ford Motor Co.'s net profit grew to $1.6 billion in the first quarter of 2013, an increase of $215 million over the year-ago period. In an earnings release, the automaker credited strong growth in North America for the overall increase to its bottom line. Pre-tax profits was a record $2.4 billion in North America during the quarter. ...
4. Ford Fusion (courtesy image)DETROIT, MI - Ford Motor Co.'s net profit grew to $1.6 billion in the first quarter of 2013, an increase of $215 million over the year-ago period.
In an earnings release, the automaker credited strong growth in North America for the overall increase to its bottom line. Pre-tax profits was a record $2.4 billion in North America during the quarter.
Ford's total revenues grew by about 10 percent to $35.8 billion in the period.
“Our strong first quarter results provide further proof that our One Ford plan continues to deliver,” Alan Mulally, Ford president and CEO, said in the release. “Our plan remains centered on serving customers in all markets around the world with a full family of vehicles — small, medium and large; cars, utilities and trucks — each with the very best quality, fuel efficiency, safety, smart design and value.”
Mulally leads a conference call to discuss the results with investors and analysts this morning at 9 a.m. MLive will be live blogging the call. Feel free to ask questions in the comments section or just follow along.