- Car firm Ford posts first quarter net income of $2.6bn - $466m up on a year ago.

Pre-tax operating profit was $2.8bn , or 62 cents per share, an increase of $827m from the first quarter 2010.

Ford has posted a pre-tax operating profit for seven consecutive quarters.

Automotive pre-tax operating profit was $2.1bn for the first quarter, an increase of $936m from a year ago.

Ford Credit reported a pre-tax operating profit of $713m - a decrease of $115m from the first quarter 2010.

Total company revenue was $33.1bn - up $5bn from 2010.

Ford generated positive automotive operating-related cash flow of $2.2bn in the first quarter - an improvement of $2.3 billion from first quarter 2010.

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