The automaker reported fourth-quarter profit excluding some items of 51 cents a share, short of the 62-cent average of analysts’ estimates. On that basis, earnings before interest and taxes came to $2.6 billion, Ford said after the close Thursday, shy of the $3.45 billion analysts expected.
Deutsche Bank on Friday downgraded its rating on Ford shares to sell and expressed skepticism that management can achieve the $2.5 billion in cost savings it’s targeting this year.
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