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According to The Detroit News, Ford 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.

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, Ford 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.

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 Fiesta 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.

[Source: The Detroit News | Image: Bill Pugliano/Getty]


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  • 56 Comments
      • 4 Years Ago
      But Cash 4 Clunkers was SUCH a bad idea! Oh no! It was going to tear future sales away from the future, you'll see, the market will CRASH again because everyone who will buy anyway in the future will not buy because of our socialist government!!!

      AHHHHHHHHHHHHH

      ----

      The above was the gist of MANY AutoBlog posters last fall. Shame on you.
      • 4 Years Ago
      "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."

      Poorly written AB.

      The price is a 52 week high, not the highest in a year. The stock is trading at it's highest since Nov of 2004, not a year.
        • 4 Years Ago
        52 week high = highest price in 52 weeks
        52 weeks = 1 year
        so, 52 week high = highest price in a year
        Am I missing something?
        • 4 Years Ago
        Hey, they're car guys. What do they know from stock prices?
      • 4 Years Ago
      • 4 Years Ago
      Brian? Brian???
        • 4 Years Ago
        He and his twin brother Matt are hiding in their mom's basement in shame.
      • 4 Years Ago
      Ford is the crown jewel of the Big Three.,
        • 4 Years Ago
        Luis, lay off the crack.
        • 4 Years Ago
        Yes wiggy, and their interiors suck big time. They are cheaply made. The cars at least look good now, but GM can make a better, if still mediocre, interior.
        • 4 Years Ago
        Luis seems to be upset that Ford is getting more praise than his beloved Toyota.
        • 4 Years Ago
        No, not at all. I'm happy they are doing well. I just want them to make better interiors.

        Thanks for the gang up too, real classy!
      mjeeper24
      • 4 Years Ago
      glad im buying a 12 thousand dollar pos 6.0 liter engine for my 2003 pos ford with only 120 k miles on it!! yea...keep up the good rape of the american population u bastards
      • 4 Years Ago
      The hottest ticket in town is still on fire. Kudos and compliments to all the folks over at the Big Blue Oval!
      • 4 Years Ago
      I'm amazed.

      What does Ford make that's any good besides the Fusion, F-150, and Mustang?

      The new Focus hasn't came out yet. Their SUVs aren't anything great.

      Must be a lot of fleet sales.
        • 4 Years Ago
        Says a Dodge fan. All they've got to offer that's even worth *considering* vs. the competition is their full-size HD trucks... oh, wait. That's under the 'Ram' brand now.

        What you think of the Focus matters not. That model still sets monthly sales records among subcompacts. The Taurus sells very well in it's segment, too.
      • 4 Years Ago
      Thats good. . .

      Now time for them to start saving to buy back some of those automakers they sold.
      • 4 Years Ago
      HOT DAMN! UAW members start making up your pciket signs! Ford has some money in their jeans and you KNOW you deserve a big piece of it.
      • 4 Years Ago
      Editors: very awkward wording for this article.! Did you mean Ford stockholders or people that drive Fords? Naturally the former loved the profit news, but the latter couldn't care less!
      • 4 Years Ago
      Good for Ford. Hope they keep it up, and do something about Mercury. That should keep the profits rolling.
        • 4 Years Ago
        this makes Kia's 360 million profit much more impressive! Ford is like 15 times bigger than kia globally.
        • 4 Years Ago
        and still they sold volvo to china :(
        • 4 Years Ago
        I'd like a classy upscale version of the Mustang, with irs, under the Mercury badge.

        But what to name it? Bobcat? Panther? Some other word for a big cat that starts with the letter 'C'?
        • 4 Years Ago
        only a matter of time before the unions suck all the money which they don't deserve back into their own pockets, until unions are abolished, this cycle will continue to destroy the American vehicle brands.
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