Ford expects its full-year 2019 loss from China to be halved

Ford logo in their auto plant

U.S. automaker Ford Motor stated on Monday it expects its full-year 2019 loss, before interest and taxes, from China to be almost halved from 2018.

For 2020, the company expects to further slash down its China losses, before interest and taxes, by almost half that of what it expects to post for 2019.

Ford states it could further enhance its performance in China in 2021.

The company, in a meeting with certain experts and investors, stated the statement should not be construed as guidance for China.

In October, Ford had slashed its full-year profit outlook for this year citing higher warranty costs, bigger discounts and weaker-than-expected performance in the country.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.