Page last updated at 13:48 GMT, Tuesday, 27 April 2010 14:48 UK

Ford Motors quarterly profits hit a six-year high

Ford vehicles at a Michigan plant
Ford's sales have jumped thanks to the economic recovery

Car giant Ford has reported net income of $2.1bn for the first three months of 2010, its highest quarterly profit for six years.

The figure compares with a loss of $1.43bn for the same period in 2009.

Ford said the result was down to a recovering economy, which meant people were again beginning to buy expensive, one-off items.

The carmaker also said that it expected to be profitable in every quarter this year.

Unlike its rivals, Ford did not receive any government money to help it through the credit squeeze and economic downturn.

'Solid quarter'

Ford said sales in its key North American market rose by 37%, and it planned to increase production by 9% this year.

However, the company said it was too early to say whether it would be hiring more workers to help it build them.

Globally, the stand-out area was China where sales rocketed by 84%.

Ford chief executive Alan Mulally said: "The Ford team around the world achieved another very solid quarter, and we are delivering profitable growth."

Ford made $2.7bn over the whole of last year.



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