quarter profits Friday, citing higher costs from recalls and other repairs. Net income in the first quarter was 989 million dollars, off 39 per cent from the year-ago quarter, dpa reported. The company's profits fell short of Wall Street expectations for the first time in three years, Bloomberg News reported. Ford said expenses from recalls and warranties were up 400 million dollars, arising from models across the company's 2008-13 production lines. Chief financial officer Bob Shanks said that "more complexity in the vehicles, more technology in the vehicles" was increasing the need for fixes, as well as better collection and use of repair data leading to more and earlier recalls. -- SPA 19:21 LOCAL TIME 16:21 GMT تغريد
