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January 28, 2014 AT 5:22 AM
Ford Motor Company on posted a stronger-than-expected quarterly profit on Tuesday, as higher earnings in the No. 2 U.S. automaker's core North American market offset losses in Europe and South America. Net income in the fourth quarter rose to $3 billion, or 74 cents a share, compared with almost $1.6 billion, or 40 cents a share, a year earlier. Excluding one-time items, Ford earned 31 cents a share, 3 cents more than analysts polled by Thomson Reuters had expected.