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| FORD PRODUCT |
Ford has reported a 39% drop in first-quarter profits as its performance in the key North American market weakened.
The carmaker earned $989m in the January to March period, down from $1.64bn a year before.
Profits in North America fell to $1.5bn from $2.4bn in 2013, with sales volumes in the region down by 3%.
Ford also set aside $400m to boost its reserve fund that deals with vehicle warranty issues, such as safety recalls and dealing with customer complaints.
Chief financial officer Bob Shanks said the boosting of such contingency funds was normal across the car industry, as vehicles became more complex.
