It is the highest quarterly profit for six years and comes against a loss of $1.4 billion in the same period of 2009.
Ford said a recovering economy had a large say in the results.
It also said that it expected to be profitable in every quarter this year.
Ford Australia has unveiled a $20 million environmental and technical upgrade to its Geelong Casting Plant which will increase the size of its workforce by 50 percent and ensure vital automotive manufacturing skills remain in Australia.
Alan Mulally, Ford’s CEO has announced a new multi-million dollar investment in its operations in Argentina following a meeting with Argentina’s President Cristina Fernandez de Kirchner yesterday, Apr
By Poornima GuptaFord shares declined 15 percent after the announcement of the plan to cut its debt by up to $10.4 billion, which could increase the number of shares outstanding.
Obama is appointing Treasury Secretary Timothy Geithner as his "designee" for overseeing auto bailout loans and as co-head of the new high-level panel together with White House economic adviser Lawren
GM, which narrowly retained its position as the world's biggest carmaker from Toyota last year, reported a net loss for the year of $38.7 billion, or $68.45 a share, compared with $2 billion, or $3.50