UPDATE 3-Ford more confident of stronger 2019 despite 'volatile environment' [Reuters]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Reuters
Ford more confident of stronger 2019 despite 'volatile environment' - Reuters 3 Min Read DETROIT (Reuters) - Ford Motor Co on Thursday posted a better-than-expected first-quarter largely due to strong pickup truck sales in its core U.S. market and said it was more confident in its forecast 2019 would bring better results than last year. The first-quarter results sent Ford’s shares up as much as 8 percent in after-market trading. Ford is restructuring its business, which will include cutting costs by $11 billion by 2021 and overhauling its product lineup. Chief Financial Officer Bob Shanks told reporters at company headquarters in suburban Detroit that Ford has more confidence its 2019 results will be better than last year’s, but said it is in a “volatile environment with very strong competition.” Shanks added the first quarter was likely Ford’s best for the year. Virtually all of the No. 2 U.S. automaker’s profit was generated in the U.S. market, thanks to a strong performance by its
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