DETROIT Jan 29 Ford Motor Co, the
second-largest U.S. automaker, posted higher-than-expected
fourth-quarter profit on the strength of its North American
operations, but predicted a wider loss in Europe due to
persistent weakness in the region.
Ford reported a per-share operating profit of 31 cents for
the quarter, better than the average analyst estimate of 25
cents per share, according to Thomson Reuters I/B/E/S.
Ford said quarterly revenue totaled $36.5 billion, with the
lion's share coming from its North American operations.
In Europe, Ford lost more than $1.75 billion last year,
about in line with its outlook for a loss of more than $1.5
Ford deepened its 2013 loss estimate in the troubled region
to $2 billion. Previously, the automaker said it expected its
2013 performance in Europe to be roughly equal to its 2012 loss.