(CNNMoney.com) — Ford on Tuesday reported a surge in profits for the first quarter, thanks to strong sales of new products around the world.
Ford Motor Co (F, Fortune 500)., the iconic auto and truck maker based in Dearborn, Mich., said that net profit totaled $2.1 billion in the first quarter, with earnings of 50 cents per share, beating analyst forecasts.
The numbers bears little resemblance to a year ago, when Ford reported a loss of more than $2 billion, or 75 cents per share.
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