DETROIT: Ford Motor Co's earnings fell far short of expectations on surging costs for new vehicle launches and an unexpected loss in its European business.
The disappointing results, which also reflected higher commodity costs, shook confidence in the next stage of recovery for Ford after a four-year comeback that has seen the No. 2 US carmaker climb back from a brush with near bankruptcy. The fourth-quarter results marked the first time Ford fell short of Wall Street profit forecasts in two years.
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