Record breaking Ford returns to profit in Europe

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Ford said it had booked record full year pre-tax profit of US$10.8bn (up $3.5bn) in 2015 and net income of $7.4bn (up $6.1bn) on revenue up $5.5bn to $149.6bn. Fourth quarter pre-tax profit rose 96% to $2.6bn. Wholesale vehicle shipments rose 312,000 units to 6,635,000. Better yet, Europe returned to pre-tax profit for the first time in years.