Summary Box: Ford posts best 1Q profit in 13 years

AP News
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Posted: Apr 26, 2011 3:10 PM
Summary Box: Ford posts best 1Q profit in 13 years

HIGHER PROFITS: Ford Motor Co. reported net income of $2.6 billion in the first quarter, up 22 percent from a year earlier. It was Ford's best first-quarter performance since 1998.

WHAT DROVE THEM: New, fuel-efficient products like the Ford Fiesta subcompact and the redesigned Ford Explorer SUV, which gets 20 percent better fuel economy than the previous model. Ford also spent less on incentives and raised prices to make up for higher commodity costs. Sales and profits were up in every region worldwide.

TROUBLE SPOTS: Sales of the Lincoln luxury brand are slipping, with a revamp still two years away.