For the first quarter of 2013, Ford posted its highest North American profits in more than a decade, largely due to increased sales of its full-size pickup trucks, the F-150 and Super Duty lineup.
Ford is reporting a $2.1 billion pretax profit for the first quarter for the U.S. and Canada, with wholesale vehicle sales up 17 percent from the same point last year. F-Series pickups are up more than 17 percent for the first three months, with strong sales expected for April as well. Unfortunately, sales are down in South America and Europe with the only good news in those regions coming from the not-for-U.S. Ford Ranger, which is maintaining strong sales in those markets.
"Our strong first quarter results provide further proof that our One Ford plan continues to deliver," Alan Mulally, Ford president and CEO, said in a statement. "Our plan remains centered on serving customers in all markets around the world with a full family of vehicles — small, medium and large; cars, utilities and trucks — each with the very best quality, fuel efficiency, safety, smart design and value."
For the full first quarter Ford Profits Report, click here.
For the full slide presentation from Ford, click here.