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

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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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The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.