Ford Sees Profit Declining This Year After Expanded RecallMarthe Fourcade
Ford Motor Co. said pretax profit will probably decline this year after a safety recall.
Adjusted pretax profit will be about $10.2 billion this year, the company said in a statement Wedneday. The change “reflects the recent expansion of a recall requested by the U.S. National Highway Traffic Safety Administration,” Ford said.
Results overall will probably decline in 2017 amid growing investments before improving in 2018.
Link to Statement:Link