Ford Motor sets records for profit, operating margins

By Bernie Woodall DETROIT (Reuters) - Ford Motor Co reported a 113 percent surge in quarterly net income and records for global and North American operating margins, thanks to robust pricing of its F-150 pickup trucks in North America and improved profit in Europe. Ford's net income was $2.45 billion (1.68 billion pounds), or 61 cents per diluted share, in the first quarter through March 31, versus $1.3 billion, or 29 cents per diluted share, a year ago. Excluding one-time items, Ford's earnings