​Ford Shares Sink After Company Reports Cost Improvements, But Guides Below Street Expectations – Tyler Durden

Ford Shares Sink After Company Reports Cost Improvements, But Guides Below Street Expectations Ford shares jumped before tumbling after hours on Monday, as the legacy automaker reported guidance that was on the low end of expectations. Like many other automakers, Ford continues to grapple with balancing the costs of EV production, high interest rates and a tapped out American consumer.  Ford announced third-quarter revenue of $46 billion, with net income totaling $0.9 billion. This figure includes a $1 billion charge related to its electric vehicle business, which the company had previously disclosed. Adjusted earnings before interest and taxes (EBIT) for…  — Continue at ZeroHedge News : Read More