The PJ Tatler

Ford posts best profits in 13 years

I guess you don’t have to take the government’s money and run.

Ford posted its best first-quarter profit in 13 years, as its new, more fuel-efficient vehicles reached showrooms during a surge in gasoline prices.

New arrivals such as the Ford Explorer and Fiesta small car are selling well. Company profits are growing around the world. And Ford is charging more for its cars, helping offset higher commodity costs.

Ford Motor Co. on Tuesday said its profit jumped 22 percent to $2.6 billion profit, its best first-quarter performance since 1998. It was the company’s eighth straight quarterly profit in its long climb back from near-bankruptcy five years ago.