Ford Posts Record Results – Wall Street Journal

Ford Motor Co. reaped the benefits of its costly F-150 truck revamp, doubling net income in the first quarter and posting a North American operating margin rivaling those returned by high-end luxury brands.

The Dearborn, Mich., company is among a field of auto makers benefiting from record U.S. light-vehicle demand and low gasoline prices, a trend fueling sales of the most profitable units on dealer lots. As sales of trucks and SUVs…

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