Ford reported second-quarter net income of $2.04 billion, or 51 cents per share, up from nearly $2 billion, or 49 cents per share, a year earlier. Ford Motor Co believes that although it has reported higher than expected Q2 profits, it will see weaker cash flow, automotive operating margins and pre-tax profit compared to 2016. The company said on Thursday its net loss widened in the second quarter as a result of restructuring costs related to an earlier recall for faulty ignition switches.
Ford Motor Co believes that although it has reported higher than expected Q2 profits, it will see weaker cash flow, automotive operating margins and pre-tax profit compared to 2016. The company said on Thursday its net loss widened in the second quarter as a result of restructuring costs related to an earlier recall for faulty ignition switches.