Ford to nearly halve its 2018 before interest and taxes loss in China
Reuters
Published Dec 09, 2019 21:52
Ford to nearly halve its 2018 before interest and taxes loss in China
(Reuters) - U.S. automaker Ford Motor Co . (N:F) said on Monday it expects its full year 2019 loss, before interest and taxes, from China to be nearly halved from the year ago.
For 2020, the company expects to further cut down its China losses, before interest and taxes, by nearly half that of what it expects to post for 2019.
Ford says it could further improve its performance in China in 2021.
The company, in a meeting with certain analysts and investors, said the statement should not be construed as guidance for China. (https://
In October, Ford had cut its full-year profit outlook for 2019 citing higher warranty costs, bigger discounts and weaker-than-expected performance in China.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.