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JAN 29, 2013 - Yahoo! News

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Ford fourth-quarter profit beats Street, sees bigger Europe loss

DETROIT (Reuters) - Ford Motor Co on Tuesday predicted 2013 total operating profit would match results last year as market share gains in the United States offset deepening losses in Europe. Ford said the sales outlook was deteriorating in Europe, and it now expects to lose $2 billion in 2013, worse than the loss of $1.75 billion in 2012. By contrast, Ford, the No. 2 U.S. automaker, expects to earn more money in North America in 2013. The region was Ford's chief source of strength last year and helped it handily beat Wall Street estimates for the fourth quarter. ...

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