24 April 2013 15:40 [Source: ICIS news]
HOUSTON (ICIS) -- Ford reported Q1 net income on Wednesday of $1.61bn (€1.24bn), a 15% increase year over year from Q1 2012's net income of $1.40bn.
Revenue rose more than 10% to $35.8bn in the first quarter of 2013, compared with $32.4bn a year ago.
Ford's earnings were driven almost exclusively by strength in ?xml:namespace>
Ford reiterated its view that the
Europe, where auto sales are down about 10% for the second year in a row, continued to be a struggle for the
Ford expects to lose about $2bn in
In the Asia-Pacific region, Ford's full-year outlook remains unchanged at about breakeven. Ford said it expects to deliver strong growth in volume, share and revenue during 2013, but costs will continue to largely offset these positive effects as the company continues to invest in an expanded product lineup, new plants in
The American Chemistry Council (ACC) estimates that each automobile contains an average of $3,297 worth of chemicals, such as acrylonitrile-butadiene-styrene (ABS), nylon, polycarbonate (PC) and others.
($1 = €0.77)
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