Ford cuts full-year profit outlook as third-quarter profit dips 60%

Ford cuts full-year profit outlook as third-quarter profit dips 60%

Ford Motor Co. on Wednesday cut its forecast for operating profit for the year after a disappointing third quarter on the back of higher warranty costs, bigger discounts and weaker than expected performance in China. The third quarter included $1.5 billion in costs for the company’s global restructuring, $800 million of which was related to the formation of a joint venture in India with Mahindra.

Chris
Chris
General Zap
General Zap 5 months

Stocks are so lethargic and are a strange form of oft uninformed socialism.

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