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Ford earns $3bn in quarterly net income

: Wednesday, January 29 - 2014 @ 00:00

Ford Motor Co has reported a stronger-than-expected quarterly profit, as higher earnings in the second-biggest US automaker’s core North American market offset losses in Europe and South America, Reuters has reported. Net income in the fourth quarter rose to $3bn, compared with around $1.6bn a year earlier. The results included a $2.1bn gain from the addition of deferred tax assets to the balance sheet, as well as charges of $311m for last year’s pension buyouts and layoffs in Europe.

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Wednesday, January 29- 2014 @ 0:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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