Passage estimates better quarterly benefit on ‘stunning’ higher vehicle costs

Ford Motor Co said on Thursday its second-quarter working benefit will surpass assumptions because of lower expenses and rising costs for new and utilized vehicles in the midst of the worldwide semiconductor chip shortage. Ford Chief Executive Jim Farley likewise said at a Deutsche Bank meeting that the No. 2 U.S. automaker will in the […] June 19, 2021 at 07:04AM