Gallery: Ford Reports Best Earnings in 13 Years Thanks To Green Vehicle...

 

Ford just announced its best quarterly profits in 13 years, thanks to rising demand for its fuel-efficient vehicles. Profits rose to $2.55 billion in the first quarter of 2011 from $2.09 billion in the first quarter of 2010. “Our team delivered a great quarter, with solid growth and improvements in all regions,” said Alan Mulally, Ford president and CEO.

As the only Detroit automaker to turn itself around without a bailout during the recession, Ford has been moving into the black much faster than its competitors. The company credited “fuel-efficient new products, continued investment in global growth and the strengthening of Ford’s core business” with the positive results, as well as the fact that the earthquake in Japan had a relatively small impact on the automaker’s supply chain.

+ Ford

Via BBC

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  1. lazyreader April 27, 2011 at 11:08 am

    Which shows you can make a proft with normal vehicles. Hybrids only represent a small portion of auto sales. But only the hybrid gets you a 7,500 dollar tax credit. A Prius gets 48 mpg on the highway. A Ford Focus gets 40 miles per gallon on the highway, but the Focus is nearly 8,000 dollars cheaper than the Prius. Having saved that money, you could buy enough gas to last you for 3-4 years. So what are we getting for a Prius.

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