Ford Motor Co. Announces Earnings Results for Fourth Quarter and Year Ended 2013; Provides Earnings Guidance for 2014
The company provided earnings guidance for 2014. The company expects pretax profit of between $7 billion and $8 billion, and says its operating margin and cash flow will also fall because of the vehicle-introduction costs. Capital expenditures will total $7.5 billion this year and in the next two to three years, up from $6.6 billion in 2013 and more than twice what it spent four years ago.