Filed under:
Earnings/Financials,
Ford
![](https://o.aolcdn.com/images/dims3/GLOB/crop/2560x1440+0+0/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2019-07/16107fc0-9c44-11e9-bfd5-e02371088ee9)
Ford Motor Co.'s profit last year plunged by more than $3.6 billion, weighed down by slowing U.S. sales, the cost of a botched SUV launch and some big pension expenses. The Dearborn, Michigan, automaker said it made $47 million in 2019, down from a $3.68 billion profit a year earlier. For the fourth quarter the company lost $1.7 billion, or 42 cents per share, hit by $2.2 billion in one-time pension costs.
Continue reading Ford full-year profit plunges $3.6 billion on slower sales, pension costs
Ford full-year profit plunges $3.6 billion on slower sales, pension costs originally appeared on
Autoblog on Tue, 4 Feb 2020 18:20:00 EST. Please see our
terms for use of feeds.
Permalink |
Email this |
Comments
More...