New York Times
After posting 11 consecutive profitable quarters, Ford was able to release nearly all of its tax allowance. Doing so lets Ford offset taxes on about $35 billion of future profits, said James Hines, a law and economics professor at the University of Michigan. “You would only do that if you were expecting a lot of pretax profits,” Professor Hines said. “It’s not a shock, given how well they’ve been doing.” ... More