News

Ford Profits High, But...

December 20, 2013



Ford says 2013 will be one of the most profitable years it’s ever had, earning $8.5 billion before taxes. Revenues are up 10 percent, market share is up everywhere but Europe, and the automaker has more cash on hand. But Ford says it probably won’t make as much money next year, and that has investors concerned. The company's stock price dropped because of the lower profit outlook. WDET's Pat Batcheller talked about Ford's finances, and its future, with Michelle Krebs, senior auto analyst at Edmunds.com. Click on the audio link above to hear the conversation.