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Ford Q1 earnings rebound as trucks and fleet sales drive profits

Ford Q1 earnings rebound as trucks and fleet sales drive profits

a year ago
Anonymous $KxGqLmj_R3

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.