The second largest car manufacturer United States, Ford, recorded an increase in profit in the quarter I/2011 by 22% over the same period the previous year.The increase took place thanks to rising sales of fuel-efficient vehicles the company produced. Ford scored its first-quarter earnings amounted to $ 2 this year, 55 billion. Achievements during the quarter was the eighth time for Ford's earnings, the only U.S. automaker that did not receive funding assistance from the government when the global financial crisis 2008-2009 lowered the country's automotive industry.
The achievement was also noted as the best first-quarter profit gained by the company since 1998. However, Ford advised that he achieved profit after this year may not be as strong as today, because of rising commodity costs and seasonal demand factors. In addition, the company plans to invest greater effort associated with maintaining long-term growth company.
"We are on track to deliver continued improvement in operating profit before tax for the full year," said Ford CEO Alan Mulally in a statement. He said that rising oil prices impact on global economic growth and shortage of supply due to Japan's earthquake and tsunami disaster, a challenge for Ford and the automotive industry in general.
The company established since 1903 is raising the estimated production II/2011 quarter to around 1.5 million units, an increase of approximately 12,000 units from last year. This reflects continuing strong demand for Ford products. Ford's earnings per share rose USD 61 cents, or 22% from the same period last year.
The results exceeded Wall Street estimates. Related shortage of supply due to disaster in Japan, Mulally said that it does not have a significant impact on Ford's operations outside the Asia Pacific region. Ford, said he still could see its market share grow.
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