Ford Swings to $800 Million Loss
Source: The Wall Street Journal.
Ford Swings to $800 Million Loss
Charges related to pension plans, cancellation of Mexico plant overshadow strong results in North America
By Christina Rogers
Updated Jan. 26, 2017 8:31 a.m. ET
Ford Motor Co. swung to a net loss of $800 million in the fourth quarter of 2016, as special charges related to the companys pension plans and the cancellation of a plant in Mexico overshadowed strong operating results in North America and improving profitability in Europe.
Revenue for the just-ended quarter fell 4% to $38.7 billion on lower global wholesales, including a U.S. sales decline of 2% during the period. Fourth-quarter operating profits were down 20% to $2.1 billion as the ...
Read more: http://www.wsj.com/articles/ford-swings-to-800-million-loss-1485433175
Pay-per-view. I'll work on it.
tenorly
(2,037 posts)NewJeffCT
(56,829 posts)US manufacturers already tanking on Trump's watch.
TexasBushwhacker
(20,214 posts)That will be good for exporters.
NewJeffCT
(56,829 posts)the tariffs that other countries impose in reaction to Trump?
TexasBushwhacker
(20,214 posts)I'm not saying a weak dollar is good, but byproduct of a strong dollar is that it makes US exports more expensive. That's an issue that few address when talking about trade imbalances.
NewJeffCT
(56,829 posts)both used the weak dollar to improve exports. And, they were both bigly deficit spenders, too.
TexasBushwhacker
(20,214 posts)It was Kissinger who set up the petrodollar system. We should have been weaning ourselves off the petrodollar tit for decades but we haven't. The system will crumble eventually, and when it does, things will get really, really bad.
https://dailyreckoning.com/u-s-saudi-relations-cracking-petrodollar/
https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret
sinkingfeeling
(51,474 posts)an achievement of his.
djg21
(1,803 posts)BigDemVoter
(4,157 posts)IMHO, Ford is among the worst car companies in America: Terrible, terrible cars, and an awful company too.