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Friday, April 25, 2025

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$1.8 billion in Ford profits in the United States in the first quarter of 2023

Earnings for Ford, the auto giant in the United States, in the first quarter of 2023 were about $1.8 billion, or 44 cents per share, compared to a loss of $3.1 billion, or 78 cents per share, same quarter. period a year ago.

The company announced detailed financial results for its Ford Blue, Ford Pro and Ford Model E units for the first time.

Ford Blue EBIT sales doubled to $2.56 billion, while Ford Pro EBIT sales tripled to $1.4 billion.

However, the company lost more than $60,000 per electric vehicle sold in the first quarter.

The company said its revenue in the quarter ending March was $41.5 billion, up from $34.5 billion a year earlier.

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Arab Desk
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The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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