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Ford sees full-year pretax profit, posts stronger than expected quarterly earnings – Fox Business

Ford reported net income in the third quarter of $2.4 billion, or 60 cents a share, compared with $400 million, or 11 cents a share, a year earlier.

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DETROIT (Reuters) – Ford Motor Co on Wednesday posted a better-than-expected quarterly profit on strong U.S. demand for pickups and SUVs, and forecast a full-year pretax profit instead of a loss, boosting shares in after-hours trading.
Ford CEO Jim Farley, who took over on Oct. 1, is tasked with completing the No. 2 U.S. automaker’s $11 billion restructuring begun under his predecessor, Jim Hackett, and has promised greater urgency.
He has also said he is keen to expand Ford’s operations into related…

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