Ford Doubles Profits for the Best Quarter in Its History
The combination of low gasoline prices and record auto sales in the United States is making for good times in the auto industry, and nowhere is that more evident than at Ford Motor.
.. In the first three months of this year, trucks and S.U.V.s made up 70 percent of Ford’s sales in the United States, up from 64 percent in the same period four years ago.
.. Trucks are not the only bright spot for Ford. The company also benefited from an improving economy and the increased sales of more expensive models.
.. Over all, Ford reported first-quarter revenue of $37.7 billion, $3.8 billion more than in the same period in 2015.