For Ford, Three Years of Profit in a Row

Jan 27, 2012 Bookmark and Share

New York Times
After posting 11 consecutive profitable quarters, Ford was able to release nearly all of its tax allowance. Doing so lets Ford offset taxes on about $35 billion of future profits, said James Hines, a law and economics professor at the University of Michigan. “You would only do that if you were expecting a lot of pretax profits,” Professor Hines said. “It’s not a shock, given how well they’ve been doing.” ... More