Ford Q1 net falls 39% on weaker pricing, higher warranty costs

Ford reduced its European pretax losses in the quarter by more than half, to $194 million from $425 million a year earlier. Ford cited higher sales volumes, lower costs and favorable currency rates. The unit remains on track to be profitable in Europe in 2015. (BLOOMBERG)

April 25, 2014 05:00 AM

DETROIT -- Ford Motor Co. today said its first-quarter net income fell 39 percent from the same period a year ago to $989 million on weaker pricing in the United States and higher warranty expenses.

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