Higher costs sink Ford profit, shares slide

Higher costs sink Ford profit, shares slide
 

The disappointing results, which also reflected higher commodity costs, shook confidence in the next stage of recovery for Ford after a four-year comeback that has seen the No. 2 U.S. carmaker climb back from a brush with near-bankruptcy.
Ford shares had been one of the best-performing American stocks since late 2008, rising from just above $1 to nearly $19 earlier this month.
The fourth-quarter results marked the first time Ford fell short of Wall Street profit forecasts in two years.
"Anything that comes out that's a tad disappointing, even if it's a tad disappointing inside a great... read more

 
28 January 2011 in Business, Views: 2
Source: Reuters
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