Ford Reports surprise $2.1 Billion Profit in Q1 2010

2010 Ford Fusion 150x150 Ford Reports surprise $2.1 Billion Profit in Q1 2010

2010 Ford Fusion

Ford Motor Company announced a better than expected profit from the first quarter of 2010 with a $2.1 billion profit.  Ford reported that revenue had increased by 15% in the quarter with $28.1 billion in revenue.  The first quarter results were a size able improvement from the first quarter of 2009 when the company experienced a loss of $1.4 billion.

Ford reported that strong sales of the Fusion, F-150, Taurus and Focus were partially responsible for the improved results.  Ford's market share improved by 2.7 percentage points in the first quarter to 16.6% of all US auto sales.

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