Excluding one-time items, Ford posted an operating profit of 30 cents per share for the fourth quarter, well below the 48 cents per share analysts had forecast on that basis.
Investors punish Ford for profit miss
Ford Chief Financial Officer Lewis Booth said analysts appeared to have underestimated the additional cost of launching new vehicles like the Explorer SUV and a new model year of F-Series trucks. Read More...
Ford workers to collect profit-sharing checks
Ford Motor Co. blue-collar workers will collect profit-sharing checks averaging $5,000 per employee as the company posted its largest profits in more than a decade. Read More...
Auto Work Force Gets Dividend From Industry’s Rebound
The two big Detroit carmakers will announce profit-sharing checks this month for their hourly workers, perhaps the largest in a decade, company officials and industry analysts say. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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