Ford has earned billion dollars of quarterly profit
The Ford manufacturer announced its profit of the fourth quarter, which was three billion dollars that increased by twice as much than during the same period of last year. Besides, the carmaker aims to reduce losses in the South American and European markets.
For the fourth quarter, the auto manufacturer was able to narrow losses in Europe to 571 million dollars. Car selling in the U.S. increased that allowed narrowing losses there too.
However, according to the official statement of the brand’s chief financial officer, it was a profitable year for Ford in tote. Owing to increasing sales in Asia Pacific Africa and North America, the auto manufacturer could get record profit on the key company’s markets in the world.
Now Ford is expecting the next more profitable year.
The carmaker Ford plans to reduce production in the first quarter. It is connected with guarantee service costs.
Ford will bring about 23 cars to the United States market, including the best-selling and profitable models as Mustang and the F-150.
At the same time, profit in Asia Pacific Africa grew up by over 100 percent. Ford left the Toyota brand behind in the Chinese auto market due to demand for Focus model, which selling came up 49 percent there.
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