Ford Motor Company ( NYSE:F )

Ford Motor Company ( NYSE: F) announced its best first quarter profit in 13 years according to their quarterly financial results, which is mainly strong sales in USA and increasing demand for fuel efficient cars. Stock is ready for a speed drive !!

Lewis Booth, Ford's chief financial officer, said on Tuesday that last month's earthquake in Japan had "minimal" impact on its business and so far the automaker has lost about 12,000 to 14,000 vehicles of production in Asia, where it has shut several plants temporarily.

Ford beat expectations on Tuesday, which helped send the company's share up 3.5 percent to $16.09. Its fourth quarter 2010 results missed analyst expectations by a wide mark. Net income rose to $2.55 billion, or 61 cents a share, compared with $2.09 billion, or 50 cents a share, in the year earlier period. It was the highest first-quarter net income since 1998. Excluding one-time items, it earned 62 cents a share, easily topping the 50 cents analysts polled by Thomson Reuters had expected. It was the seventh straight quarter of operating profit. Revenue rose to $33.1 billion from $28.1 billion last year. Analysts had expected $29.7 billion.