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Ford Stock Up: Automaker Posts $2.1 Billion Q1 Income

Posted in Ford, General, Newsworthy by Kurt Ernst | April 27th, 2010 | Leave a Reply |

Despite the shaky economy, Ford’s combination of product mix and financing deals has helped the automaker achieve a Q1 income of $2.1 billion. Their pre-tax operating profit for the quarter was $1.2 billion, a $1.9 billion increase over Q1 2009.

Perhaps the best news of all is that all of Ford’s global operations were profitable, including Ford Credit, which posted a $541 million Q1 profit. Last year’s Q1 saw Ford Credit take a $13 million loss.

Source: Ford posts $2.1b Q1 net income

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