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October 4, 2022

Record earnings in Q1 for Ford

Ford reported, in Q1, net earnings of USD 2.6 bln, the highest Q1 earnings reported by the American car-maker in the past 13 years, due to the recovery of global economy and a larger portfolio of energy-efficient vehicles. Earnings rose from USD 2.09 bln in January to March 2010, to USD 2.6 bln, according to the “Wall Street Journal”.

The group anticipates a slight rise, by 12,000 units, in its global output in the second quarter, despite problems that car parts-suppliers have been confronted with in the wake of the Japan quake. Output will amount, thus, at approx. 1.5 million cars and trucks.

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