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28 January 2019

Ford posts quarterly loss amid struggles in Europe, China

DEARBORN, Mich. (AP) — Ford Motor Co., which has struggled overseas and saw U.S. sales fall last year, reported its first quarterly net loss in two years Wednesday.

The Dearborn, Michigan, company said it lost $116 million, or 3 cents a share, in the fourth quarter, compared with a $2.52 billion profit a year earlier. It last posted a quarterly loss in the fourth quarter of 2016.

Source: https://abc22now.com/news/auto-matters/ford-posts-quarterly-loss-amid-struggles-in-europe-china