Ford profit beats estimates on strength in North America

Ford Motor on Tuesday higher than expected quarterly profit as strength in the number 2 of the core U.S. automakers posted North American market to compensate for losses in Europe and South America.

The company, whose shares have risen more than 3 percent, confirmed the earnings prospects for 2014, which last month presented investors. Ford has described as a transitional year 2014, on the sample of CEO Alan Mulally Team and restructuring of the company provide that the strength, since he took over in 2006.

Ford has in the last month, that the costs for the introduction of new vehicles and a deteriorating Venezuelan economy delle its profit this year would. The messages sent, delete the shares of the company on its biggest one day percentage in more than two years.

The stock regained however ground after Mulally speculation nullified earlier this month, that he would leave Ford for the top job at Microsoft. He stressed that he remains long-term strategy engaged in the day-to-day business of the company, as well as setting.

Ford's net profit in the fourth quarter rose to $3 billion, or 74 cents per share, compared with nearly $1.6 billion, or 40 cents per share in the previous year.

The results include a $2.1-billion profit from the addition of the deferred tax assets in the balance sheet, as well as the fees of $311 million for last year pension of buyouts and layoffs in Europe.

Excluding the non-recurring effects, Ford earned 31 cents a share, 3 cents more than analysts polled by Thomson Reuters I/B/E/S had expected.

Sales rose 4 percent to $37.6 billion, above the expectations of analysts of $35,17 billion.

On Tuesday, Ford said that it expected car still a global profit this year of between $7 billion and $8 billion, with lower operating margins.

The company said, that its worldwide pension plans underfunded 2013 were $9 billion at the end of, an improvement of $10 billion from the end of 2012 and $1 billion better than it had previously forecast.

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Ford boosts Outlook for Q3 profit beats estimates

DETROIT, Oct 24 Reuters) - Ford Motor Co boosted its full-year global earnings and margin Outlook on Thursday, benefiting from an improved prognosis in Europe and better than expected results in the third quarter.

The number 2 of the U.S. automaker expects to lose its pre-tax earnings of the previous year's $8 billion above and less money in Europe now. Previously predicted its 2013 Ford global profit and Europe losses 2012 levels would just be.

Ford his vehicle saw, to stabilize prices in the third quarter in Europe, said Chief Financial Officer Bob Shanks reporters, adding that the improvement progress in its European restructuring displayed.

Automotive Europe sales start to see "very, very modest growth" in the near future, said Shanks.

Ford's overhaul Europe modeled after CEO Alan Mulally "One Ford" strategy, which helped the company heavy losses in North America, to undo, where it is still the bulk of its profits.

In the third quarter, Ford reported a combined profit in its three overseas regions: Asia-Pacific and Africa, Europe and South America - the first time in more than two years Ford posted a profit in the regions outside of North America.

Third quarter net profit fell a little more than a fifth to $1.27 billion, or 31 cents per share as a result of almost 500 million $ in special charges, including $250 million for restructuring Europe issued.

In the third quarter rose 12 percent to $36 billion.

But excluding the non-recurring effects, the second-largest U.S. automaker reported adjusted earnings of 45 cents per share. That was better than the 38 cents expected on average by analysts, according to Thomson Reuters I/B/E/S.

Ford scored a North American pretax profit of $2.3 billion in the quarter, little changed from the previous year. In South America, the automaker had a pre-tax profit of $159 million, up sharply from $9 million in the last year.

The automaker reduced its losses in Europe to $228 million in the third quarter of nearly $470 million in a year. In Asia-Pacific and Africa Ford earned $126 million, nearly three times last year.

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Ford recalls 370,000 Ford, Lincoln and mercury sedans

Ford Motor about 370,000 year 2005 to 2011 of model Ford Crown Victoria, Mercury Grand Marquis and Lincoln town car sedans in the United States and Canada a steering shaft problem is bearing in mind the company in a statement.

Corrosion of the lower steering shaft-intermediate vehicles in "high corrosion resistance States and provinces" can lead to the loss of steering, the company says.

The 355,000 vehicles in the U.S. recall are Connecticut, Delaware, the District of Columbia, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Iceland, Vermont, Virginia, Wisconsin, and West Virginia.

The remaining 15,000 cars are in Canada.

Ford said that dealers will check and replace the lower-intermediate steering shaft and, if necessary, secure lower steering column bearing and replace the upper intermediate steering shaft.

The company was not aware of accidents or injuries related to the issue, called it.

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GM recalls 843 new Silverado and Sierra pickup

DETROIT, 19.Juli Reuters) - General Motors co said that it 843 is remembered 2014 Chevrolet Silverado and GMC Sierra crew cab pickup trucks, because that may not fully inflate passenger air bag in a crash.

There were no known injuries or crashes related to the faulty airbags, GM said.

The automaker estimates that it delivered more than 40,000 of truck dealers, GM spokesman, what Alan Adler said.

GM truck owners, call to make sure that the vehicles are repaired. Dealer repair affected vehicles, customers still still not been to.

The newly designed 2014 Silverado Sierra the main vehicle launches for GM since its 2009 bankruptcy and rescue by the U.S. Government and are key to the GM fight lasting with Ford Motor Co., whose F 150 that best-selling vehicle is truck of the automotive industry.

GM current large trucks and SUVs related, more than $12,000 per vehicle in profit to generate, about 60 percent of the global result accounts for the company according to analysts. Citi estimates that more than $1 billion in 2013 and 2014 in additional operating profit could bring the new models of the car manufacturers.

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