<\/p>\n
Ford posted the highest quarterly pretax profit in its 113-year history as its European operations earned more in the first three months than in all of 2015 and the automaker reported its best-ever results in North America.<\/p>\n
Before taxes, Ford\u2019s company profit for the quarter was $3.8 billion, up from $1.7 billion a year earlier. The total company revenue increased 11 percent to $37.7 billion. Ford\u2019s first-quarter net income more than doubled to $2.5 billion.<\/p>\n
\nFord’s pre-tax profit in Europe was $434 million, compared with a $42 million loss in the same period a year ago. It achieved an operating margin of 6.3 percent in the region during the quarter, compared with a 2.9 percent<\/strong> operating loss during the same period last year.<\/h5>\n<\/blockquote>\n
Ford reported a full-year profit of $259 million in Europe last year and expects to exceed that figure in 2016. The automaker earned $3.1 billion in North America, where it achieved a record operating margin of 12.9 percent.<\/p>\n
\n\u201cThe first quarter was an absolutely terrific start to the year an all-time record for the company, with very strong performance across the business. <\/strong>We are excited about our future and confident in our ability to deliver long-term growth and profitability, as we expand our business model to be both an auto and a mobility company”, Ford CEO Mark Fields said.<\/strong><\/h5>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"
Ford posted the highest quarterly pretax profit in its 113-year history as its European operations earned more in the first three months than in all of 2015 and the automaker reported its best-ever results in North America. Before taxes, Ford\u2019s company profit for the quarter was $3.8 billion, up from $1.7 billion a year<\/p>\n","protected":false},"author":3,"featured_media":17150,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[81],"tags":[98,77,84,100,133,132],"class_list":["post-8338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aftermarket","tag-aftermarket","tag-bcar","tag-ford","tag-iam","tag-passenger-cars","tag-profits","entry"],"acf":[],"yoast_head":"\n
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