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Next year Ford Motor Co is expecting a fall of indicators

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Next year Ford Motor Co is expecting a fall of indicators

Next year Ford Motor Co is expecting a fall of indicators
September 14
16:00 2016

The US carmaker Ford Motor Co forecasts the deterioration of its financial indicators in the coming year in relation to the current year’s results. These expectations are associated with the grown revenues for “emerging opportunities” and other expenditure. The company has made such a statement on Wednesday.

Last week Ford lowered the forecast of profit to the tax deduction in the current year to $ 10.2 billion because of the expenses in the III quarter due to the ongoing withdrawal of cars. The previous minimum forecast was equal to $ 10.8 billion.

Ford Motor Co says that the company ” is planning to make the indicator of the economic efficiency to be average equal to $ 3 billion annually in the period from 2016 to 2018″ and that they are “adding new processes, such as a budget with a zero base in order to facilitate the business transformation” .

It “will compensate the bulk of the costs that have been added to improve business”. But, nevertheless, this will not be enough to compensate the increasing regulatory costs and expenses for the development of vehicles, namely electric cars.

The company expects that the capital expenditures of its automotive division will be around 5.6 percent of the revenue in 2018 against 4.9 percent this year. The decline in costs is expected by the company after 2018.

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