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Tariff refund boosts Ford results as it eyes higher metal costs

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Ford raised its full-year profit forecast Wednesday after reporting stronger than estimated first quarter results based partly on $1.3 billion in tariff refunds.

The big US automaker sold fewer autos compared with a year ago but pointed to robust demand for higher-priced trucks and sport utility vehicles that contributed to higher earnings.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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