Ford Motor Co for the first quarter of this year increased its profit by 15.4%, so its net profit amounted to $ 1.61 billion. But for the same period last year, the company’s profit was equal to $ 1.40 billion. Data were taken from the published reporting of the company itself.
In the last quarter, Ford company earned 35.8 billion. Compared to the indicator over the past year, the company’s profit increased by 10%, then it amounted to 32.4 billion dollars. In addition, operating profit even before tax payment fell by 6.4% and became 2.15 billion dollars.
The supply of car dealers in January-March has also increased by almost 10% and amounted to 1.5 million copies. The quarterly operating profit decreased mainly due to losses that the company incurred in the markets of South America and Europe. Ford devaluation of the Venezuelan national currency affected the indicators of Ford. The company Ford Motor is the oldest American company, which appeared back in 1903 and since then it has been a leading world car manufacturer.
She owns 65 production plants from different countries, the approximate number of employees are close to 175 thousand people. The company has become the only car manufacturer who managed to do without the help of the government in a fierce crisis. But his direct competitors Chrysler and General Motors still passed the forced bankruptcy procedure. That the company expects to predict in the coming years so far, but the fact that Mastodont will continue its activities, few doubts.