In the fourth quarter, a loss of 1.7 billion US dollars (1.5 billion euros) fell as the company announced on Tuesday after U.S. market close. Ford is in a profound transformation of the group and is doing hard time because of problems in China and elsewhere for some time. In the prior-year period, the balance sheet had shown already a Minus of 100 million dollars. The stock slide in early trading by almost ten percent to 8.28 US Dollar and is now within the reach of the 52-week lows. Ford 7,54 EUR -0,78 (-9,36%) Frankfurt
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The company had warned cost investors even before high loads, due to multibillion-dollar Pension, however, the result was weaker than expected. A more pessimistic Outlook for the current fiscal year 2020 spoiled investors ' sentiment - the share price plunged after trading hours temporarily, by more than ten percent. Sales also Ford had to absorb heavy losses - here there was a Minus of five percent to 39.7 billion dollars.
throughout The past fiscal year, the revenues declined by three percent 155.9 billion dollars. Only on the home market of North America, the group recorded a slight growth, the international business - especially in China and South America - suffered heavy losses. The bottom line is that Ford closed the fiscal year 2019 with a Mini-Plus of $ 84 million. In the previous year, there had been a profit of 3.7 billion dollars.
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hyo/dpa Date Of Update: 05 February 2020, 17:00
