Ford earns $2.6B in first quarter, most since 1998
Ford announced its most rewarding first quarter since 1998, with $2.6 billion in earnings on global sales of $33.1 billion. The earnings are up 22 percent versus the first quarter of 2010, while sales increased by $5 billion for the quarter. This large increase in sales was the biggest driver for the overall profit, as the Dearborn, Michigan-based automaker moved 1.4 million units in Q1 2011, up 16 percent versus Q1 2010.