On the occasion of its quarterly publication on Wednesday evening, Ford indicated that it was heading towards the upper end of its annual adjusted EBIT target range of $10 to $12 billion, and raising its adjusted free cash flow target to between $6.5 and $7.5 billion.

In the first three months of this year, it posted adjusted EPS (non-GAAP) of $0.49, compared with $0.63 a year earlier, and adjusted EBIT of $2.8 billion, representing a margin down 1.7 points to 6.5%.

Despite a slight drop in sales volumes to less than 1.05 million vehicles, the automaker saw its revenues rise by 3% to $42.8 billion, boosted by its Ford Pro division, whose revenues climbed by 36%.

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