Ford's CFO says the automaker's $11 billion restructuring plan could pay off sooner than expected (F)

Credit: Wochit Business
Published on January 30, 2019 - Duration: 00:41s

Ford's CFO says the automaker's $11 billion restructuring plan could pay off sooner than expected (F)

According to Business Insider, despite the fact that Ford fell short of its goals for profits in 2018 and Wall Street has punished the stock, Ford's CFO, Bob Shanks, says the automaker's $11 billion restructuring plan could pay off sooner than expected.

Ford reported fourth-quarter and full-year 2018 earnings last week, and while the company posted numbers that were in-line with Wall Street expectations, they weren't what the leadership had been looking for at the beginning of the year.

Advertisement

Ford's CFO says the automaker's $11 billion restructuring plan could pay off sooner than expected (F)

APRIL 23, 2018 FILE PHOTO APRIL 23, 2016, PHOTO

You are here

Recent related videos from verified sources

Ford To Invest $900 Million At Second North American Plant 00:41
Credit: Wochit - Published 23 hours ago 

Ford CEO Made $17.7 Million Despite Rough Year 00:42
Credit: Wochit - Published 3 days ago 

Ford Reportedly Considering Closing Two Plants In Russia 00:36
Credit: Wochit - Published 2 weeks ago 

Volkswagen And Ford Reveal New Details About Their Self-Driving Partnership 00:39
Credit: Wochit - Published 3 weeks ago 

You might like