“We’re still expecting strong results in 2017 but we do expect results to be lower for the company,” said Ford Chief Financial Officer Bob Shanks. As part of the company’s profit-sharing formula, which is based on North American results, Ford’s 56,000 union-represented workers will each receive a $9,000 bonus check in March. Ford’s operating losses in South America are starting to level off. It reported $293 million in red ink for the just-ended quarter, compared with $295 million in the same year-ago period. An earlier version of this article incorrectly stated Ford’s operating profit was a record for the quarter.

Source: Wall Street Journal January 26, 2017 12:19 UTC