Ford forecasts $112 mn Q4 loss amid restructuring costs
Ford CEO Jim Hackett said the company's restructuring efforts will boost profitability/ Ford CEO Jim Hackett said the company's restructuring efforts will boost profitability (AFP Photo/TIMOTHY A. CLARY)/ Detroit (AFP) - Ford said Wednesday it expected to post a $112 million loss in the fourth quarter of 2018 as the automaker implements a massive restructuring in the United States and Europe. The second-biggest US automaker said it would still post a profit after charges stemming from the drive to cut $11 billion in costs. The firm sees ...
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