Industry

Ford earnings plunge on recall costs, product launches

Declines had been expected, beat Wall Street expectations.

ford-super-duty

Dearborn, Michigan – Ford Motor Co.’s third quarter earnings fell by more than half as the automaker faced high costs in launching its F-Series Super Duty pickup line and because of recall expenses.

The decline had been expected, and Ford’s results exceeded Wall Street expectations.

For details on the company’s results, link to The Detroit Free Press’ coverage.

Source: Detroit Free Press