By Jonathan Davies

Ford has reported lower-than-expected profits for the first quarter of 2015.

The second-largest car manufacturer in the US posted a pre-tax profit of $1.4 billion (£915m), up $24m on the same period last year.

Revenues fell by $2bn to $33.9bn.

Ford sold 1.57 million cars around the world, down 21,000. And sales in North America were down 39,000 to 678,000.

The manufacturer said it expects a "very strong year" in North America despite an 11% fall in pre-tax profits for the quarter.

Bon Shanks, chief financial officer, said the carmaker was on track for a "breakthrough year".

And chief executive Mark Fields said Ford would grow "progressively stronger" as new vehicles "start to pay off".