Home Shareholders balk as Ford hedges profit outlook
 

Keywords :   


Shareholders balk as Ford hedges profit outlook

2014-09-30 08:04:43| Automakers - Topix.net

Higher recall costs in North America and steeper losses in Russia and South America have caused Ford Motor Co to slash its forecast for pretax profit this year to $6 billion, from $7 billion to $8 billion previously, executives told investors at a briefing on Monday. Chief Financial Officer Bob Shanks said record profits in North America aren't enough to offset trouble in South America, where Ford expects to lose $1 billion this year, and Russia, where falling sales and the rapid deterioration of the ruble took the company by surprise.

Tags: profit ford outlook shareholders

Category:Automotive

Latest from this category

All news

»
15.11 119
15.11
15.11
15.11Snowpeak SDE-001 M
15.11DVD5
15.113Dio Free Space
15.11
15.11Dr.
More »