Ford Reports High Earnings In First Quarter

Posted at 7:31 AM, Apr 24, 2013
and last updated 2013-04-24 07:39:18-04

ford building logo.jpeg

DEARBORN, Mich — Ford Motor Company released its sales figures for the first quarter of 2013 Wednesday, and the results are exceeding expectations.

The Dearborn-based automaker has now had 15 consecutive profitable quarters. Ford live-tweeted the details of the results Wednesday morning, explaining different aspects to followers.

The company had a $2.1-billion pre-tax profit, and a net income of $1.6 billion, which is a $215-million increase from just one year ago. In North America specifically, it was the highest quarterly profit since at least 2000, when the method of reporting changed.

According to its sales statement, “Ford expects another strong year, with total company pre-tax profit about equal to 2012, operating margin about equal to or lower than 2012, and Automotive operating-related cash flow higher than 2012.”