Skip to content
Subscriber Only

Ford Looks to Trim Costs After Profit Sags

  • ‘Not satisfied’ CEO says results reinforce need to slash costs
  • Rival carmakers’ operations are in better shape, CFO says
Video player cover image
"Headwinds" on commodities and foreign exchange hurting bottom line results, Ford CFO Bob Shanks says.(Source: Bloomberg)
Updated on

Ford Motor Co. has stepped onto the scale and found it’s out of shape.

The automaker signaled it’s even more resolute in the diet prescribed by its new CEO after reporting another underwhelming profit on Wednesday. Ford hasn’t coped well with rising costs because of bloat within its product lineup and engineering budget.