Stock prices worldwide have taken a hit in the wake of the UK referendum. The long-term impact is still unknown, but companies across the auto industry are seeing immediate consequences.
Ford posted record profits in the first quarter of 2016, the company announced Thursday. Chief financial officer Bob Shanks said Ford enjoyed its best quarterly performance in history, generating operating profits of $3.8 biliion and a record profit margin of 9.8 percent.
Tesla Motors wasn't the only car company to close out March with an upbeat sales report. Ford enjoyed its best-selling March in ten years, the company said Friday. Other automakers reported sales growth that topped already-historic levels. Trucks and SUVs continued to be hot sellers.
- Mid-engine Corvette spied in daylight
- Matt LeBlanc threatens to quit Top Gear
- Best Lease Deals for June 2016