DETROIT, April 27 (Reuters) - Ford Motor Co reported a lower quarterly profit on Friday hurt by weak international results, particularly in Europe, and a higher tax rate. The second-largest U.S. automaker reported first-quarter net income of $1.4 billion or 35 cents per share, down from the $2.6 billion net income it reported a year earlier. About half that drop was due to higher tax expenses, Ford said. The company also recorded $255 million in special charges, largely due to buyouts of ...
Premium Content (PAID Subscription Required)
"UPDATE 1-Ford earnings down on weakness in Europe" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.