A Stumbling Ford Junks a Business
Ford Motor Co. (NYSE: F) announced lackluster results for the most recent quarter. Revenue rose 10% to $39.5 billion. Its market share stayed flat at 4.9%. Perhaps that is what Ford considers progress. Ford’s management, unfortunately, guided toward the low end of previous forecasts. Pretax profits will be between $11.5 billion and $12. 5 billion for the year.
