The quarterly numbers come amid Ford’s $11 billion restructuring plan, with an aim to slash costs by $14 billion over the next five years.
KEY POINTS
- The Detroit automaker beats on the top and bottom lines.
- The company credits its better-than-expected performance in North America to strong truck and sport utility vehicle sales, particularly its F-Series and Ranger pickups.
- Outside North America, the company has an operating loss of $196 million, which is an improvement of $632 million from the prior quarter.
Source: Ford Q1 2019 earnings
