Ford Motor Co. today said its profit fell 56 percent in 2014 as it introduced 24 vehicles around the world, including the new Mondeo in Europe.Ford posted net income of $3.2 billion, down from $7.2 billion in 2013. It earned $52 million in the fourth quarter, marking its 22nd consecutive profitable quarter, but that was down from $3 billion in the same period a year earlier, when results were boosted by favorable tax benefits.
In Europe, Ford’s losses narrowed to $443 million in the fourth quarter, down from $559 million during the last quarter of 2013, and $1.1 billion on the year, down from $1.4 billion in 2013.
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