Smaller Cars Lift Ford’s Profit to $2.55 Billion

The Ford Motor Company reported on Tuesday its largest first-quarter profit since 1998, even as sales shift to smaller, more fuel-efficient cars.

Ford earned $2.55 billion in the quarter, or 61 cents a share, up from $2.09 billion, or 50 cents, in the period a year earlier. The results should ease some concerns that the company was losing momentum after fourth-quarter earnings missed expectations, though quickly rising gasoline prices and earthquake damage to auto parts plants in Japan still pose a threat to Ford and the rest of the industry.

Credits: http://www.nytimes.com/2011/04/27/business
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