Saturday 25th September 2021

  • IT Conslting, Digital Transformation with IT Services
    • Ford forecasts Q4 $112 mln loss amid restructuring costs Ford-forecasts-Q4-$112-mln-loss-amid-restructuring-costs

      Ford said Wednesday it expects to post a loss of 112 million U.S. dollars in the fourth quarter of 2018 as the automaker implements a massive restructuring in the U.S. and Europe. The second biggest U.S. automaker said it will still post a profit after charges stemming from the drive to cut 11 billion U.S. dollars in costs. The firm sees adjusted profit of 30 cents a share during this period, according to the statement, less than the 32 cents anticipated by the markets. For the full year, Ford will post a net profit of 3.7 billion U.S. dollars,...