© 2024 KALW 91.7 FM Bay Area
KALW Public Media / 91.7 FM Bay Area
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.