Despite a $100 million first-quarter pre-tax profit that represents a $382 million gain over like-2007, Ford Motor Co. is keeping the champagne on ice. The auto maker’s North American operations, which are critical to its success, remains in the red. And while restructuring “is taking hold,” says CEO Alan Mulally, Ford must “continue to take actions to stay on our plan.” Ford First Quarter Financial Results 2008 2007 % Chg. Sales $43,513 $43,005 1.2 Net Income $100 ($282) 135.5 ...

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