US pickup truck sales lift Ford's Q3 profits | Bangkok Post: business - News Summed Up

US pickup truck sales lift Ford's Q3 profits | Bangkok Post: business


A large part of the company's profits came from its F-Series pickup trucks, which have been the best-selling vehicle in North America for decades. Apart from North America, the only other region that was profitable for Ford was Asia-Pacific, driven by sales increases outside China. New CEO Jim Hackett is under pressure to please Wall Street. Wall Street was underwhelmed, particularly by Mr Hackett's caveat that most of the savings will not show up on Ford's bottom line until 2019 and 2020. Excluding one-time items, Ford reported earnings per share of 43 cents, above Wall Street expectations of 32 cents.


Source: Bangkok Post October 26, 2017 11:48 UTC



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