Friday, April 27, 2012

Ford 1Q earns fall on Europe slump, tax rate

FILE - This Oct. 25, 2011, file photo, shows a Ford logo,on the tailgate of a pick-up truck, and on a Ford dealership sign at Salem Ford in Salem, N.H. Ford Motor Co. said Friday, April 27, 2012, its net income fell by 45 percent in the first quarter as European sales plummeted and the company paid higher taxes. It earned $1.4 billion, or 35 cents per share, in the first quarter. (AP Photo/Charles Krupa, File)North America propped up Ford Motor Co.'s profits in the first quarter, which otherwise took a beating from plummeting European sales and higher taxes.


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