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Ford flagged its expectation for weaker earnings two days after Executive Chairman Bill Ford said the company founded by his grandfather is going “all in” on electric cars.
Ford Profit to Drop as Electric Car Catch-Up Will Be Costly
published Jan 16, 2018, 4:36:13 PM, by Keith Naughton (Bloomberg) — Ford Motor Co. warned profit will fall this year as Chief Executive Officer Jim Hackett spends heavily to catch up with rivals bringing electrified vehicles to market. The U.S. automaker forecast adjusted earnings of $1.45 to $1.70 a share