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