Ford cuts earnings outlook on slumping sales

Newswire

DETROIT, June 21 (Reuters) - Ford Motor Co. cut its full-year earnings outlook on Tuesday and said it was planning more job cuts to offset slumping North American sales. The second-largest U.S. automaker, which has warned that its core automotive operations may not be profitable this year, said its full-year profit outlook was being cut to a range of $1.00 to $1.25 per share, down from a previous forecast of $1.25 to $1.50 per share. In addition to the elimination of 2005 bonuses for ...

Premium Content (PAID Subscription Required)

"Ford cuts earnings outlook on slumping sales" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Nov 21, 2016
Video
WardsAuto

2017 Wards 10 Best Engines: Less Is More With Four

Fun-to-drive is a key 10 Best Engines measure when it comes to small-displacement, high-performance four-bangers....More

Newswire

Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×