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Ford Motor Q3 Earnings to Take $1B Cost Hit
While some of the problems are of Ford’s own creation, completing affected vehicles will shift some revenue and earnings to Q4. Now Ford says that 40,000 to 45,000 vehicles – comprised largely of high-margin trucks and SUVs – will be completed and sold to dealers during Q4. In the slight of hand of automaker accounting practices, revenue is booked when a vehicle is shipped to the dealer, not sold to the end user. Continue reading →