{"id":544436,"date":"2010-04-27T10:27:00","date_gmt":"2010-04-27T14:27:00","guid":{"rendered":"http:\/\/www.autoblog.com\/2010\/04\/27\/report-ford-earns-2-1b-profit-in-q1\/"},"modified":"2010-04-27T10:27:00","modified_gmt":"2010-04-27T14:27:00","slug":"report-ford-earns-2-1b-profit-in-q1","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/544436","title":{"rendered":"Report: Ford earns $2.1B profit in Q1"},"content":{"rendered":"

Filed under: Ford<\/a>, Earnings\/Financials<\/a><\/p>\n

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According to The Detroit News<\/em>, Ford<\/a> has officially announced its fourth straight profitable quarter in a row. The company managed to make $2.1 billion in profits over the first three months of 2010, thanks largely to a rapid increase in sales during the first part of the year. The company saw North American sales increase by around 39 percent compared to a year ago. At the same time, business is booming in China, where the Blue Oval managed to move around 84 percent more vehicles.<\/p>\n

All of this is good news for stock holders, as the company was trading at $14.57 per share on Monday – its highest price in a year. As a result, Ford<\/a> is planning on upping production in our neck of the woods. Dearborn would like to crank out 625,000 vehicles in the second quarter – a nine percent increase over the first three months of the year – though it isn’t ready to say whether or not that means adding any more workers. <\/p>\n

Despite the boom, Ford is careful to point out that the rest of the year probably won’t look as sharp as the first quarter. Though the Fiesta<\/a> is scheduled to hit the market soon, the threat of higher interest rates is looming on the horizon and Ford still has a heady $34.3 billion in debt to deal with. The company hasn’t said what its plans are concerning paying off the rest of its debt load. <\/p>\n

[Source: The Detroit News<\/a> | Image: Bill Pugliano\/Getty]<\/p>\n

Report: Ford earns $2.1B profit in Q1<\/a> originally appeared on Autoblog<\/a> on Tue, 27 Apr 2010 09:27:00 EST. Please see our terms for use of feeds<\/a>.<\/p>\n

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Permalink<\/a> | Email this<\/a> | Comments<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Filed under: Ford, Earnings\/Financials According to The Detroit News, Ford has officially announced its fourth straight profitable quarter in a row. The company managed to make $2.1 billion in profits over the first three months of 2010, thanks largely to a rapid increase in sales during the first part of the year. The company saw […]<\/p>\n","protected":false},"author":6487,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-544436","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/544436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6487"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=544436"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/544436\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=544436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=544436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=544436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}