Ford Motor Co.’s third-quarter net income fell 56% compared with the same period in 2015, with hefty recall expenses, softening U.S. volumes and product-launch costs denting margins in the core North American market. 2 U.S. auto maker on Thursday reported nearly $1 billion in net income for the period ended Sept. 30, down from $2.2 billion recorded in 2015’s third quarter. The prior-year’s performance benefited from the...

Source: Wall Street Journal October 27, 2016 11:09 UTC