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Tuesday, January 29, 2013

ALERT: Ford posts $1.6B quarterly profit, predicts wider losses in Europe

BREAKING NEWS ALERT January 29, 2013
 
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Ford posts $1.6B quarterly profit, predicts wider losses in Europe
Bradford Wernle
Ford posted fourth-quarter net income of $1.6 billion, carrying the company to its fourth straight full-year profit. Excluding a large year-earlier extraordinary gain, net in the latest quarter rose 55 percent, powered by strong results in North America. European pretax losses of $732 million dragged down quarterly profits.
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