The automaker posted a small profit for the year, even though earnings before interest and taxes plummeted 67 percent in the fourth quarter. Ford's North American earnings fell 64 percent to $700 million, mostly due to UAW contract costs, warranty expenses and problems with the launch of the redesigned Explorer and Aviator crossovers.
from Section Page News - Automotive News https://ift.tt/37WFXug via Falls Church auto repair
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