<p>Filed under: <a href="http://www.autoblog.com/category/ford/" rel="tag">Ford</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a></p><a href="http://detnews.com/article/20100427/AUTO01/4270388/Ford-Motor-Co.-reports-$2.1-billion-profit-for-first-quarter"><img vspace="4" hspace="0" border="1" src="http://www.blogcdn.com/www.autoblog.com/media/2010/04/ford-hq-dearborn-angle-630-getty.jpg" alt="" /></a><br />
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According to <em>The Detroit News</em>,<a href="http://www.autoblog.com/make/ford/"> Ford</a> has officially announced its fourth straight profitable quarter in a row. The company managed to make $2.1 billion in profits over the first three months of 2010, thanks largely to a rapid increase in sales during the first part of the year. The company saw North American sales increase by around 39 percent compared to a year ago. At the same time, business is booming in China, where the Blue Oval managed to move around 84 percent more vehicles.<br />
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All of this is good news for stock holders, as the company was trading at $14.57 per share on Monday - its highest price in a year. As a result, <a href="http://www.autoblog.com/2010/04/16/ford-gets-an-earful-five-best-and-worst-ideas-from-consumers/">Ford</a> is planning on upping production in our neck of the woods. Dearborn would like to crank out 625,000 vehicles in the second quarter - a nine percent increase over the first three months of the year - though it isn't ready to say whether or not that means adding any more workers. <br />
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Despite the boom, Ford is careful to point out that the rest of the year probably won't look as sharp as the first quarter. Though the <a href="http://www.autoblog.com/model/fiesta">Fiesta</a> is scheduled to hit the market soon, the threat of higher interest rates is looming on the horizon and Ford still has a heady $34.3 billion in debt to deal with. The company hasn't said what its plans are concerning paying off the rest of its debt load. <br />
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[Source: <a href="http://detnews.com/article/20100427/AUTO01/4270388/Ford-Motor-Co.-reports-$2.1-billion-profit-for-first-quarter">The Detroit News</a> | Image: Bill Pugliano/Getty]<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2010/04/27/report-ford-earns-2-1b-profit-in-q1/">Report: Ford earns $2.1B profit in Q1</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Tue, 27 Apr 2010 09:27:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2010/04/27/report-ford-earns-2-1b-profit-in-q1/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.autoblog.com/forward/19455609/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.autoblog.com/2010/04/27/report-ford-earns-2-1b-profit-in-q1/#comments" title="View reader comments on this entry">Comments</a>
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<br />
According to <em>The Detroit News</em>,<a href="http://www.autoblog.com/make/ford/"> Ford</a> has officially announced its fourth straight profitable quarter in a row. The company managed to make $2.1 billion in profits over the first three months of 2010, thanks largely to a rapid increase in sales during the first part of the year. The company saw North American sales increase by around 39 percent compared to a year ago. At the same time, business is booming in China, where the Blue Oval managed to move around 84 percent more vehicles.<br />
<br />
All of this is good news for stock holders, as the company was trading at $14.57 per share on Monday - its highest price in a year. As a result, <a href="http://www.autoblog.com/2010/04/16/ford-gets-an-earful-five-best-and-worst-ideas-from-consumers/">Ford</a> is planning on upping production in our neck of the woods. Dearborn would like to crank out 625,000 vehicles in the second quarter - a nine percent increase over the first three months of the year - though it isn't ready to say whether or not that means adding any more workers. <br />
<br />
Despite the boom, Ford is careful to point out that the rest of the year probably won't look as sharp as the first quarter. Though the <a href="http://www.autoblog.com/model/fiesta">Fiesta</a> is scheduled to hit the market soon, the threat of higher interest rates is looming on the horizon and Ford still has a heady $34.3 billion in debt to deal with. The company hasn't said what its plans are concerning paying off the rest of its debt load. <br />
<br />
[Source: <a href="http://detnews.com/article/20100427/AUTO01/4270388/Ford-Motor-Co.-reports-$2.1-billion-profit-for-first-quarter">The Detroit News</a> | Image: Bill Pugliano/Getty]<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2010/04/27/report-ford-earns-2-1b-profit-in-q1/">Report: Ford earns $2.1B profit in Q1</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Tue, 27 Apr 2010 09:27:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2010/04/27/report-ford-earns-2-1b-profit-in-q1/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.autoblog.com/forward/19455609/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.autoblog.com/2010/04/27/report-ford-earns-2-1b-profit-in-q1/#comments" title="View reader comments on this entry">Comments</a>
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