Ford earns $2.6b in 1Q on new products, sales

Ford Motor Co. says it earned $2.6 billion in the first quarter, helped by new vehicles like the Ford Explorer.

It was Ford's best first-quarter performance since 1998. The company earned 61 cents per share, compared with 50 cents per share in the same quarter a year earlier.

Ford's revenues rose 18 percent to $33.1 billion. The company was profitable in all regions even as commodity cost rose.

Ford ended the quarter with $16.6 billion in debt, down $2.5 billion from the beginning of the year.

Do you think Ford and the other automakers will continue to post gains even as gas prices soar to $4 a gallon? Post your comments below.