Ford profits tumble on higher costs, hitting shares

By Agence France-Presse

Jul 26, 2024 12:04 am

NEW YORK ― Ford shares tumbled on Wednesday after the automaker reported lower than expected profits on higher costs connected to product launches and warranty repairs for older model vehicles.

Profits fell 4.5 percent to $1.8 billion, while revenues rose 6.3 percent to $47.8 billion.

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