© 2024 Kansas City Public Radio
NPR in Kansas City
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Accounting Change Helps Ford Post Big Profit

STEVE INSKEEP, HOST:

NPR's business news starts with a sign of confidence at Ford.

The Ford Motor Company is out with its latest earnings report, and the automaker says it made almost $13.5 billion in the fourth quarter of last year. That is thanks mostly to an accounting change. Ford moved some tax assets back onto its books. It has created a reserve fund; set some money aside in effect back in 2006 when the company was falling on hard times. Getting rid of the reserve now is considered a signal that Ford believes that it expects to continue to be profitable in years to come. Transcript provided by NPR, Copyright NPR.

KCUR serves the Kansas City region with breaking news and award-winning podcasts.
Your donation helps keep nonprofit journalism free and available for everyone.