cost increases commodity Ford its strongest first quarter profits for 13 years, helped by cars to more fuel-saving demand.
Profits rose in the first three months of the year 2011, compared with $2. 09bn to the same period in the previous year to $2. 55bn (£ 1. 54bn; 1. 75bn euro).
"Our team delivered a great quarter, with solid growth in all regions", Ford said President Alan Mulally.
Ford said that 2011 is Outlook goods well, despite cost increases.
Sales in the first quarter increased $33 billion, from $28 billion a year earlier.
The company said that it had seen a strong performance in the North American domestic market, as well as "sound improvement" in Europe.
U.S. sales increased 16%, while market share in the regions of Asia and Africa have also risen, the automaker said.
Increasing market shareFord said it was confident that increases sales "despite uncertain economic conditions" would keep.
"We expect our annual volumes significantly grow", said Mr Mulally.
Ford also said that last month's earthquake in Japan had "minimal" impact on the business.
Some analysts said that could actually take automaker business of Japanese rival.
"I think Ford and some to the other American automakers share of the Japanese", said Channing Smith at the capital advisors.
No comments:
Post a Comment