Ford earned $900 million in earnings before taxes from its China operations last year, according to Yahoo Finance. Speaking at an analyst conference, Ford’s vice chair, John Lawler, revealed rare financial details about the company’s China operations, which have been undergoing restructuring to reduce losses. Lawler said China has continued advancing as a digital society and now leads in battery technology, development, and industry cost efficiency. Tariffs imposed by President Donald Trump have made Ford’s China operations more challenging, even as U.S. sales of its China-assembled Lincoln Nautilus have risen sharply.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Ordered $900 billion in earnings before taxes from its China operations last year,
00:07according to Yahoo Finance. Speaking in an analyst conference, Ford's vice chair John Lawler
00:12revealed rare financial details about the company's China operations, which have been
00:16undergoing restructuring due to reduced losses. Lawler said China's continued advancing as a
00:21digital society and now leads in battery technology development and industry cost efficiency.
00:26For all things money, visit Benzinga.com slash GSTV.