Ford’s woes overseas get worse
New York (CNN Business)Ford is doing pretty well at home. But it’s overseas struggles are getting worse.
The US automaker reported on Wednesday it made $7.6 billion in North America in 2018, a touch below what it made last year, although it did report a strong fourth quarter. Ford Credit, the company’s financial services arm, made $2.6 billion for the year.
But Ford lost money in every other region of the world. And in most regions, the results were worse than a year earlier. That led to a sharp drop in company-wide net income.
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