President and Chief Executive of Ford, Alan Mulally
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Ford's US profits up by a third

Ford made a pre-tax operating profit in the fourth quarter of $1.1bn.

Profits in the United States jumped by a third, but the company lost money in Europe and Asia in the final three months of last year.

The company is cutting European production due to weak sales.

Alan Mulally, who is the president and chief executive of Ford, spoke to the BBC's Jamie Robertson from Dearborn, Michigan.

He said European production had been reduced to match a lower demand.

  • 27 Jan 2012