Ford earnings fall drastically from Q3 last year
Ford Motor Co.'s third quarter net income fell by more than $1 billion compared to last year, to $957 million. During the same period last year, net income was $2.1 billion.
Revenue was also lower at $35.9 billion this year compared to $38.1 billion last year. The full earnings release is here.
The lower earnings were expected because Ford (NYSE: F) had its best third quarter ever last year, according to the Detroit Free Press. The company's launch of a revamped F-Series Super Duty truck in Louisville...