Ford Motor sets records for profit, operating margins

DETROIT (Reuters) - Ford Motor Co reported a 113 percent rise in net income and company records for global and North American operating margins. Ford's net income was $2.45 billion (1.69 billion pounds), or 61 cents per diluted share, versus $1.3 billion or 29 cents per diluted share a year ago. Excluding one-time items, Ford's earnings per share of 68 cents easily beat Wall Street expectations of 48 cents per share. (Reporting by Bernie Woodall)