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International Business Times
International Business Times
Business
AFP News

Strong Fleet Sales Offset Electric Losses At Ford

Ford results were boosted by strong fleet sales that offset weakness in electric autos (Credit: AFP)

Strong sales in Ford's fleet business offset deep losses in electric vehicles where the Detroit auto giant has delayed some investments, according to results released Wednesday.

Profits were $1.3 billion in the first quarter, down 24 percent from the year-ago period on revenues of $42.8 billion, up 3.1 percent.

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