Ford says turnaround to take years as results fell short for 2017 and 2018

Ford logo in their auto plant

Ford Motor last week estimated financial outcomes for 2017 and 2018 that fell short of investor expectations, in a downbeat projection that contrasted with a more favorable outlook from competing automaker General Motors. Ford Chief Financial Officer Bob Shanks informed experts at an investor conference in Detroit that greater expenses for steel, aluminum and other […]

Ford reports lower profits, takes hit from pensions, canceling Mexico plant

Ford Motor logo

Ford Motor on Thursday reported a fourth-quarter loss, mentioning an accounting change to pensions and expenses for canceling a factory in Mexico, which President Donald Trump had targeted on his way to the White House. Ford likewise reaffirmed its projection that 2017 profits would be lower, which contrasted with more positive forecasts from Detroit competitors […]

Ford CFO praises ‘pro-growth’ policies of Trump despite clashes

Donald Trump

Ford hopes Trump’s administration will think about relieving greenhouse gas policies and fuel economy policies scheduled to work in between 2020 and 2025 in addition to corporate tax reform. Ford Chief Financial Officer Bob Shanks likes a number of the pro-growth, pro-business authorities that Donald Trump’s inbound administration wishes to pursue although the president-elect has […]