This is going to be an interesting race, the one to see which car company is the most profitable in the world. Will it be a big, multi-brand automaker from Germany, or a big, mostly one-brand automaker from the United States?
Will the winner be Volkswagen AG or Ford Motor Co.? Right now Ford is in the lead.
On Tuesday, Ford said it earned $2.6 billion in the first quarter (all figures in U.S. dollars). Today, VW said first-quarter profit more than tripled thanks to the success of the VW and Audi brands in China. Bloomberg reported that VW Group net income increased to 1.71 billion euros or $2.51 billion from 473 million euros a year earlier.
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