Ford Motor revenue up 20% in Q1‎

Ford Motor Company announced on Tuesday that it posted a 20% jump in first-quarter revenue after reduced supply chain disruptions allowed it to better meet strong demand for its pickup trucks and SUVs.

According to “Reuters”, the company announced for the first time in detail the financial results of its Ford Blue, Ford Pro and Ford Model E units.

Ford Blue sales before interest and tax doubled to $2.56 billion, while sales of the Ford Pro tripled before interest and tax to $1.4 billion.

However, the company lost more than $60,000 for every electric car sold in the first quarter

Ford’s first-quarter profit was $1.8 billion, or 44 cents per share, compared to a loss of $3.1 billion, or 78 cents per share, a year earlier.

The company stated that its revenues in the quarter ending in March amounted to 41.5 billion dollars, compared to 34.5 billion dollars a year ago.