RE: This Is What Happens When You Put An Idiot In Charge of a Complex System
July 25, 2018 at 8:42 pm
https://www.rawstory.com/2018/07/ford-cu...d-quarter/
Congratulations, Trumptards. Tired of all that "winning" yet?
Quote:Ford cuts 2018 profit forecast after Trump tariffs and China sales hurt second quarter
Quote:Ford Motor Co (F.N) on Wednesday lowered its full-year earnings forecast due to slumping sales and trade tariffs in China and its struggling business in Europe, and said ongoing plans to revamp its business could lead to pre-tax charges of up to $11 billion over the next three to five years.
Ford, the No. 2 U.S. automaker, also postponed a meeting with investors that was scheduled for September. The company said it would be rescheduled when “more specifics can be shared on global redesign and restructuring.”
“It’s clear that the redesign is going to be fundamental and it’s going to be deep and it’s going to really address these underperforming parts of the business,” the company’s chief financial officer, Bob Shanks, told analysts on a conference call.
Congratulations, Trumptards. Tired of all that "winning" yet?