Ford's 1Q Sets Records for Profit, Operating Margins


Ford CEO on shift towards auto and mobility company

Ford CEO Mark Fields on the automaker's outlook for sales, recalls and the growth of technology in the auto sector.

Ford Motor reported a 113 percent rise in net income and company records for global and North American operating margins.

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Ford's net income was $2.45 billion, or 61 cents per diluted share, versus $1.3 billion or 29 cents per diluted share a year ago.

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Excluding one-time items, Ford's earnings per share of 68 cents easily beat Wall Street expectations of 48 cents per share.

(Reporting by Bernie Woodall)