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AFP News

MYSTERIOUS: Strong fleet sales offset electric losses at ford - You Need To See This

Ford Jim Farley Detroit electric vehicle

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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