Ford profits on US sales rebound

Written By Unknown on Selasa, 29 Januari 2013 | 20.23

29 January 2013 Last updated at 08:00 ET

Ford's profits for the last three months of 2012 have beaten market expectations after the number two US carmaker saw strong home market sales.

Earnings after tax for the quarter were $1.6bn (£1bn), up 55% from the same period in 2011, excluding the effect of a change in tax accounting that year.

Revenues rose 5% overall, driven by a 13% rise in North America.

But the firm cautioned that 2013 losses in its Europe business would be greater than previously thought, at $2bn.


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