BGN Entrepreneur

A tax-related windfall and strong US earnings boosted the net profit of Ford Motor for 2011 to its best level in 14 years. However, the fourth-quarter result of the US carmaker was weighed down by poorer performance overseas. As a result, it was weaker than the level a year ago.
According to Ford’s chief financial officer–Lewis Booth, it is announced that the company might need to dismiss some of its temporary workers in Europe if slowing demand for cars on the continent prompted the company to cut down its production.

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