US car giant Ford is still posting heavy losses with electric cars, but is benefiting from its strong business with hybrid drives and commercial vehicles.
In the past quarter, turnover increased by some 3% year-on-year to $42.8 billion, exceeding analysts' expectations, according to results released on Wednesday.
Revenue in the first quarter fell to $1.3 billion from $1.8 billion a year ago. The share price rose by more than 2% at times in after-hours trading on Wednesday.
The electric car division posted an operating loss of $1.3 billion, while the combustion engine business generated a profit of $905 million.
However, the big money maker was once again the commercial vehicle division Ford Pro with an operating profit of just over $3 billion.
In recent years, the US car giants have attempted to emulate the pioneer Tesla with a large-scale electrification of their model range. However, they scaled back their ambitions after the market for electric vehicles cooled noticeably in the US - while their combustion and hybrid models continued to sell well.