Ford Reports Best Earnings in 13 Years Thanks To Green Vehicles
Posted By Laura K. Cowan On April 26, 2011 @ 4:10 pm In automotive,Green Transportation | 1 Comment
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Ford [5] just announced its best quarterly profits in 13 years, thanks to rising demand for its fuel-efficient [6] vehicles [7]. 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 [8] president and CEO.
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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 [6] 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 [8]
Via BBC [10]
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[10] BBC: http://www.bbc.co.uk/news/business-13197280
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