71°

Topics

Trucks
Strong U.S. and China business fuels big gain in Ford profit
Strong U.S. and China business fuels big gain in Ford profit

Continued strong business in North America and growth in sales in China powered Ford Motor Co. to a big gain in fourth-quarter profit. Ford said Tuesday that its profit for the three months ended Dec. 31 jumped 90% to $3 billion from the $1.6 billion of the same period a year earlier. That represented its 18th consecutive quarterly profit. Quarterly revenue rose almost 4% to $37.6 billion from $36.3 billion. Annual earnings rose 26% to $7.2 billion from $5.7 billion in the previous year. Revenue climbed 10% to $146.9 billion from $133.6 billion. "We had an outstanding year in 2013, demonstrating that our One Ford plan continues to drive solid results and profitable growth for...

Loading