Ford Motor Co., the second-largest US automaker, has begun shipping its new aluminum-bodied Super Duty pickup, one of its most profitable models, from a Kentucky factory, the automaker's top North American executive said.
"This is one of the strongest products in our portfolio," Joe Hinrichs, Ford's president of the Americas, said in a presentation Tuesday at a JPMorgan Chase & Co. conference in New York. "This is the first all-new Super Duty in 18 years." Last month, Ford said that its profit goals for the year are at risk because it no longer sees the US vehicle market growing. The cost of introducing the new Super Duty pickups, such as the F-250, was already going to pressure margins in the year's second half, Ford had said.
But rising incentives and slowing sales are also taking a toll, as Ford's North American pretax profit slid 4.8% in the second quarter to $2.7 billion.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit IndonesiaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor