Ford books record Q1 pre-tax profit

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Ford Motor Company on Thursday (28 April) announced a record quarterly pre-tax profit of US$3.8bn for the first quarter of 2016, up $2.1bn; net income up 113% to $2.5bn, up $1.3bn and after-tax earnings per share of $0.68, excluding special items, up $0.39 year on year. Automotive operating-related cash flow of $2.7bn was also a first quarter record.