Ford Motor Co. announced earnings results for fourth quarter and year ended 2013. For the quarter, the company's net income totaled $3 billion, or 74 cents per share. Excluding a big tax gain, net income was 31 cents per share, 4 cents. For 2013, the company posted a pretax profit of $8.56 billion and sales were up 12% to 6.3 million cars and trucks.

The company provided earnings guidance for 2014. The company expects pretax profit of between $7 billion and $8 billion, and says its operating margin and cash flow will also fall because of the vehicle-introduction costs. Capital expenditures will total $7.5 billion this year and in the next two to three years, up from $6.6 billion in 2013 and more than twice what it spent four years ago.