Tuesday, January 29, 2013

Ford nets $5.7B in 2012, $1.6B in fourth quarter

Ford nets $5.7B in 2012, $1.6B in fourth quarter

Ford brought in $5.7 billion in net income during 2012, which is around $307 million less than one year prior. Even so, the automaker closed out 2012 with the highest pre-tax profit for a single quarter in nearly 10 years, earning $1.7 billion in the fourth quarter thanks largely to a higher-than-average truck mix in the US. That's a jump of $577 million over 2011. Likewise, that translated into fourth quarter income of $1.6 billion. All told, Ford set a full-year pre-tax profit record in 2012.

Autoblog , Ford nets $5.7B in 2012, $1.6B in fourth quarter, Ford nets $5.7B in 2012, $1.6B in fourth quarter