Revenues at Irish arm of motor giant Henry Ford plunge by over €50m

Pre-tax profits at the Irish arm of motor giant Henry Ford last year decreased by 44% as revenues plunged by more than €50m.

New accounts filed by the Cork-based Henry Ford & Son Ltd show that the firm recorded pre-tax profits of €858,000 last year in comparison to €1.55m in 2011.

This followed revenues decreasing by 28% or €53.5m from €192.1m to €138.6m.