Ford posts decade-best $2.1B profit in Q1 2013

From AB
Ford Posts First Quarter Pre-Tax Profit of $2.1 Billion, Driven by Highest North America Profit in More than a Decade; Net Income of $1.6
Strong total company pre-tax profit was $2.1 billion, or 41 cents per share, a decrease of $147 million from a year ago; 15th consecutive quarter of profitability
Net income was $1.6 billion, or 40 cents per share, an increase of $215 million compared with a year ago
Positive Automotive operating-related cash flow was $700 million for the quarter - the 12th consecutive quarter of positive cash flow - with strong liquidity of $34.5 billion, unchanged from year-end 2012
Wholesale volume and total company revenue each grew about 10 percent compared with a year ago, including market share gains in North America and Asia Pacific Africa
North America pre-tax profit was a record $2.4 billion - the highest quarterly profit since at least 2000, when the company began reflecting the region as a separate business unit - with an operating margin of 11 percent. Ford also reported a small pre-tax profit for Asia Pacific Africa, and losses in Europe and South America
Ford Credit continued its solid performance with a first quarter pre-tax profit of $507 million

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