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Ford profits fall on recall charges, higher costs

Ford reported first-quarter net income of $1.6 billion, down $900 million from a year earlier, as revenue rose and profit margins shrank. Pretax earnings were $2.2 billion, down $1.6 billion, or 42 percent, from a year earlier, when Ford posted its best quarter in the company's 114-year history.

| UPDATED: 04/27/17 3:12 am - adds Takata statement

Superior Industries Q1 net income falls 79%

Superior Industries posted a 79 percent plunge in first-quarter net income to $3.1 million, saying it experienced higher costs and lower unit sales in the quarter.

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