Ford’s earnings beat, rosy 2024 outlook, and cost discipline show the automaker is getting its house in order

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The new Ford F-150 truck is launched at a celebratory event at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. 
Bill Pugliano | Getty Images

Ford Motor on Wednesday evening delivered higher than expected profits in the first quarter, driven by strength in its commercial business. Positive updates to its full-year outlook helped send shares rallying by roughly 2.5% in after-hours trading.

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