28 Apr 2010

Ford roars back with six-year-high profit

6:12 pm on 28 April 2010

US car manufacturer Ford has announced its highest quarterly profit for six years, having made $US2.1 billion in the first three months of the year.

That compares with a loss of $US1.4 billion in the same period a year ago, the BBC reports.

Sales rose by more than a third in its key North American market, while demand nearly doubled in China, which Ford puts down to a recovering global economy.

The carmaker also says it expects to be profitable in every quarter this year.