December 10, 2019
(Reuters) – U.S. automaker Ford Motor Co.
For 2020, the company expects to further cut down its China losses, before interest and taxes, by nearly half that of what it expects to post for 2019.
Ford says it could further improve its performance in China in 2021.
The company, in a meeting with certain analysts and investors, said the statement should not be construed as guidance for China. (https://bit.ly/2E44aBA)
In October, Ford had cut its full-year profit outlook for 2019 citing higher warranty costs, bigger discounts and weaker-than-expected performance in China.
(Reporting by Dominic Roshan K L; Editing by Shailesh Kuber)