Ford forecasts $112 mn Q4 loss amid restructuring costs

Ford said Wednesday it expected to post a $112 million loss in the fourth quarter of 2018 as the automaker implements a massive restructuring in the United States and Europe. For the full year, Ford will post a net profit of $3.7 billion, less than half the 2017 result. Adjusted earnings per share are expected to be $1.30 across the year, right at the lower end of its $1.30-1.50 estimate in October.