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

January 31, 2013

Ford Motor Co. 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.