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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BUSINESS MAVERICK: Cartoon Thursday with RicoShare to Facebook Facebook Share to Twitter Twitter Share to Email App Email App Share to WhatsApp WhatsApp Hide
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Business Maverick: Meta shares soar as Zuckerberg ushers in ‘year of efficiency’Meta Platforms CEO Mark Zuckerberg struck a new tone with investors on Wednesday: The social media giant will be leaner, more efficient and more decisive, with a big focus on artificial intelligence. Zuckerberg’s so yesterday
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Business Maverick: ECB Hikes by Half-Point and Signals Same Again in MarchThe European Central Bank lifted interest rates by a half-point, with President Christine Lagarde saying another such move is almost certain next month, despite conceding that the inflation outlook is improving.
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Business Maverick: Meta Shares Soar Most Since 2013 on Zuckerberg’s VisionMeta Platforms Inc. is headed for its biggest single-day gain in almost a decade after Chief Executive Officer Mark Zuckerberg laid out plans to make the social media giant leaner, more efficient and more decisive.
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Business Maverick: Zimbabwe Cuts World’s Highest Interest Rate as Inflation EasesZimbabwe’s central bank cut its benchmark interest rate for the first time since becoming the world’s most aggressive monetary authority in June on expectations that a downward trend in inflation will continue.
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Business pleads with Ramaphosa: Choose a more effective Cabinet | BusinessOrganised business groups have made a plea to President Cyril Ramaphosa to choose his Cabinet carefully, as his decisions will be 'decisive in setting the trajectory of the country'. | News24_Business politicsblahbla _Business politicsblahbla They are hypocrites, ministers implicated in the zondo state capture report will come back and that organised business groups will keep quiet. _Business politicsblahbla Unfortunately Ramaphosa will have a problem to choose a dynamic government out of the current anc representatives, as criminality and incompetens are the available skills and will not add any value to South Africa's taxpayers. _Business politicsblahbla Pleading.
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