Ford Sees ‘Building-Block Year’ After ’13 Profit Gains
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Ford Motor Co. is asking investors to look beyond an anticipated drop in profit this year, when the automaker plans to spend heavily as it introduces more vehicles than ever, promising a hefty payoff beginning in 2015.
Ford’s plan to double new-model introductions worldwide, including tripling the number of rollouts in North America, will limit pretax profit to as much as $8 billion this year for the Dearborn, Michigan-based company. The second-largest U.S. carmaker said today that it earned $8.6 billion in 2013.