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Ford profit for 2012 down from 2011

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Ford Logo (Reuters)
Ford Logo (Reuters)

DEARBORN (WKZO) -- Ford Motor Company reports a 2012 pre-tax profit of 1.7-billion dollars. That's down from 2.4-billion in 2011.  The Dearborn-based automaker says the drop is, in part, because of fewer lease terminations.  Ford Credit's net income for 2012 was 1.2-billion compared with 1.8-billion the year before.

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