CARMAKERS NEWS * USA
* Michigan - Ford reports $5.67 billion net income in 2012
Dearborn,MICH,USA -The Detroit News, by Karl Henkel -January 29, 2013: -- For Ford Motor Co., 2013 could look much like 2012. And that means more massive profits in North America, continuing losses in Europe and gains in the company's Asia-Pacific region... Ford posted a net income in 2012 of $5.67 billion, excluding a tax gain from last year, about $300 million less than in 2011, the automaker said Tuesday. The automaker guided toward similar global results this year... Ford posted a strong fourth quarter, making $565 million in its four worldwide regions, including in North America, where it set pre-tax profit — $1.87 billion — and operating margin records. Strong results last year also means that 45,800 United Auto Workers hourly members will receive record profit-sharing checks worth approximately $8,300, which will be paid in March...
Labels: carmakers news USA and Canada