Ford's operating costs margin increased to 7.7 percent from 6.2 percent in the first quarter through strength of products and improving its fundamental productivity, the CEO of Ford told CNBC Tuesday.
"Now clearly when we're growing on the top line, based on the strength of our products and we are improving our productivity, we have a chance to expand our margins going forward," Alan Mulally said.
This wasFord's most profitable first quarter since 1998. The automaker is now net cash positive with automotive gross cash exceeding debt by $4.7 billion. Its revenue jumped 18 percent and profits surged 40 percent.