Ford trims profit forecast over costs

Quick Summary:

Ford Motor Co.cautioned that full-year earnings will be at the low end of its forecast as the carmaker struggles with warranty costs and supply disruptions tied to recent hurricanes.

During a call with reporters, Lawler characterized the quarter as “solid,” pointing to revenue growing 5 percent to $46.2 billion.

Ford’s plug-in vehicle business Model e lost $1.2 billion and faced pricing pressure in the third quarter.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: Philippines

Topics: Costs Interest Ford Billion Year Profit Taxes Quarter Third Warranty Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 12:08:51 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 636 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23326217

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 72 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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