Ford Q4 net loss $1.7 billionChristian Fernsby ▼ | February 5, 2020
Ford Motor Company announced its fourth quarter 2019 financial results.
Ford Adjusted earnings before interest and taxes (EBIT) were $485 million
The company reported a Q4 net loss of $1.7 billion which includes a previously disclosed $2.2 billion pension and OPEB remeasurement loss.
Adjusted earnings before interest and taxes (EBIT) were $485 million, down 67 percent, with improved results in China and Europe more than offset by a decline in North America.
Revenue was $39.7 billion, down 5 percent.
Ford’s Automotive EBIT for the quarter was $215 million, 81 percent lower.
Gains in net pricing and product mix, particularly in North America, were more than offset by lower launch-related volumes; higher costs for new products; unfavorable currency exchange; and UAW contractrelated costs. ■