Ford Q1 2019 earnings

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.

  • 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

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