May 1st, 2008 by RJ Menezes
Ford Motor Co. has posted a net income of $100 million on total revenue of $43.5 billion during the first quarter. This is great news for Ford who has had a to endure some tough times. Just take this into account, the same time last year Ford has posted a net loss of $282 million on revenue of $43.0 billion! In North America, the company said it posted a pre-tax loss of $45 million compared with a loss of $613 million a year ago.
“The improvement reflected cost reductions of $1.2 billion, including lower structural and product costs,” Ford said in a statement. “These improvements were partly offset by unfavorable volume and mix, and net pricing. First quarter revenue was $17.1 billion, down from $18.5 billion a year ago.”
Ford also is in the green in Europe where it posted a pre-tax gain of $739 million on revenue of $10.2 billion. Now Europe has always been a good market for Ford but the company has been in deep trouble here in the states. This is the first since, I can’t even remember when, that Ford has actually posted profits. Lets see if they can keep the momentum going all year.
Protect your vehicle with an extended warranty! Get a fast free quote on affordable extended warranties for used and new cars here! 
Don't forget to factor insurance costs into your research. Get accurate insurance rate information on any vehicle and shop for the best deal.
Get real price quotes from local dealerships. Don't buy a car without checking the price first! Pit dealers against each other to get the best deal possible!
{/literal}