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Ford 4Q profit drops 90%, company says more cost cuts coming

Por: ABC News Business February 03, 2023

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DETROIT -- Ford Motor Co. reported Thursday that its fourth-quarter net income fell 90% from a year earlier, leading company officials to say the automaker's costs are too high and to pledge more belt-tightening this year.CEO Jim Farley said Ford should have done better last year, and it left $2 billion in profits on the table that were within its control. He said Ford will correct that with improved urgency and execution this year.“These... + full article



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