on Wednesday posted a better-than-expected quarterly profit on strong U.S. demand for pickups and SUVs, and forecast a full-year pretax profit instead of a loss, boosting shares in after-hours trading.
He has also said he is keen to expand Ford’s operations into related technology fields, including software, data, fleet management and electric vehicle charging. The company said it now anticipates better-than-expected fourth-quarter results, as well as a full-year pretax profit of between $600 million and $1.1 billion.
The automaker fully repaid $15 billion in revolving credit loans and ended the quarter with nearly $30 billion in cash and more than $45 billion of liquidity. Farley said electric vehicles, including battery-powered variants of the F-150 pickup and Transit van, were “fundamental” to the company’s future, including the Lincoln line and Ford’s commercial vehicle business.
And yet, somehow, they'll manage to find a way to dump more retirees off their pension plan and cut their employee's benefits. That's the Ford way.
FirstOnRaceDay
Ford give us another subcompact ST!
The only way I would drive a Ford anything is if it were given to me no strings attached.
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