Home / profit / Ford Fusion and Ford Fiesta will make the Ford Focus at its plant in Hermosillo in 2018 .

Ford Fusion and Ford Fiesta will make the Ford Focus at its plant in Hermosillo in 2018 .

Ford makes the Ford Fusion and Ford Fiesta in Mexico and, starting in 2018, will make the Ford Focus at its plant in Hermosillo.

Ford, Shanks said, is closely watching today’s vote on the Republican health care plan.

Analysts, on average, were expecting Ford to earn 47 cents per share for the quarter, according to Thomson Reuters.
The automaker made the disclosure in a securities filing Thursday ahead of a talk hosted by Bob Shanks, Ford’s chief financial officer.
Ford earned a profit in Europe last year and is likely to see continued improvement there, he said.

As it stated in

Ford sales slow, profits drop more than expected

Ford sales

Ford shares fell as much as 2.3 percent before rebounding to $11.72 as of 12:28 p.m. in New York trading, a 0.4 percent drop.
“Everything is on the table” as Ford re-engineers itself for the future, Shanks told analysts and investors Thursday.
The performance of auto loans and leases will continue to deteriorate this year, as credit losses increase and used-car values fall, Fitch Ratings said Wednesday.
The more immediate concern is how Ford can cope with falling U.S. auto sales the first two months of 2017.
The National Automobile Dealers Association’s Used Vehicle Price Index fell 3.8 percent in February from January, the eighth consecutive monthly decline and an 8 percent drop from a year earlier.

As it stated in

Ford warns first-quarter profits will drop 50 percent

Ford

Ford Motor Company said Thursday its first-quarter profit will fall by more than 50 percent to about 30 cents to 35 cents per share because of higher costs and lower vehicle sales.
Analysts, on average, were expecting Ford to earn 47 cents per share for the quarter, according to Thomson Reuters.
Still, the automaker’s first-quarter profit warning sent its stock price down 27 cents per share, or 2.2 percent, to a low of $11.50 in morning trading.
Since then, Ford’s stock has rebounded to $11.68 per share.
For the year, Ford said it still expects to earn an adjusted pre-tax profit of $9 billion in 2017, down from $10.4 billion it earned last year.

collected by :Victor Alphen

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