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Industry recovery Ford a quarter billion profit





Super cars news, comprehensive foreign coverage United States automobile manufacturers car from Ford on April 27, announced its first quarter results. Data display, Ford in the first quarter of profitability far beyond the industry expectations.

In the first quarter of this year, Ford profits reach 21 million, compared with losses of us $ 14, which also is the Ford global economic crisis since the effects of recession for the fourth consecutive quarter of growth; Ford stock value per share rose by 50 cents, compared with losses of 60 cents; Ford revenue to 281 million, an increase of 15%.

As of March 31, Ford cash flow to 253 million, and the last quarter of 249 million, compared to slightly increase; however, Ford is still saddled with 343 billion of debts, and last quarter compared to the end of 336 billion. But Ford Booth did not disclose the specific CFOLewis repayment plan.

Ford officials also said that oil and steel, and other commodity prices, relatively low pre-owned resale value and weak European car sales on the company's development in 2010 brings challenges. But Ford still expects will continue to achieve growth in 2010.

At the same time, Ford also improves its second quarter North American factories of production targets. In the second quarter of this year, Ford plans to increase North American plant yield 3 million units, to 62.5 million, compared with growth of 39%.

Ford CEO Murali (Alan Mulally) in a conference call for analysts and journalists said: "Ford will be the second quarter in a strong growth, which will once again prove that Ford before the entry into force of the strategy. ”