Ford posts stronger quarterly earnings than expected

Filed under: Earnings/Financials,Ford

Ford Motor Co on Wednesday posted a better-than-expected quarterly profit on strong U.S. demand for pickups and SUVs, and forecast a full-year pretax profit instead of a loss, boosting shares in after-hours trading. Ford CEO Jim Farley, who took over on Oct. 1, is tasked with completing the No. 2 U.S. automaker's $11 billion(8.44 billion pounds) restructuring begun under his predecessor, Jim Hackett, and has promised greater urgency. Ford reported net income in the third quarter of $2.4

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Ford posts stronger quarterly earnings than expected originally appeared on Autoblog on Wed, 28 Oct 2020 19:07:00 EDT. Please see our terms for use of feeds.

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