DETROIT (Reuters) - Ford Motor Co reported its best first-quarter profit since 1998 as higher prices for redesigned vehicles including its small Fiesta offset pressure from spiking commodity and oil prices.Read the rest here.
Ford's better-than-expected profit, and strongest first-quarter since the peak of the SUV boom, reassured investors after a disappointing fourth quarter.
It also showed the success the No. 2 U.S. automaker has had in getting consumers to pay more for improved quality and technology in vehicles like the Focus compact.
Ford also said on Tuesday that it expected to ride out the disruption in parts supplies from Japan with a minimal effect on its production in Asia, setting the automaker up to take market share from Japanese rivals.
The Terrible, Troubling Test
4 hours ago
No comments:
Post a Comment