Ford Q1 earnings rebound as trucks and fleet sales drive profits
https://techcrunch.com/2023/05/02/ford-q1-earnings-rebound-as-trucks-and-fleet-sales-drive-profits/
Ford reported its first quarter 2023 earnings Tuesday after the bell, and it marks the first time the legacy automaker will break down earnings by its three new business units: Ford Blue for the iconic gas and hybrid vehicles, Ford Model e for electric vehicles, and Ford Pro for commercial products and services.
The automaker reported revenue of $41.5 billion, storming past Wall Street’s expectations of $36 billion, and showing a 20% improvement over the same period last year. Despite Ford’s push to electrify its fleet, that beat was largely driven by commercial, gas-powered and hybrid vehicle sales.