Ford Motor Company reported earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net loss attributable to the company of $783 million or $0.20 per share, compared to net income of $1.87 billion or $0.47 per share in the prior-year period. The loss was due largely to a $3 billion noncash adjustment of its pension obligations. Excluding items, adjusted earnings for the quarter were $0.30 per share, compared to $0.58 per share in the same period last year. Revenue for the quarter declined 3.9% to $38.7 billion from $40.3 billion in the same period last year.

For the full year, the company posted pretax profit ever at $10.4 billion and net income of $4.6 billion. Capital spending came in at $6.9 billion in the year. That compares with $7.1 billion last year.

Looking ahead to fiscal year 2017, the company's outlook for the year is generally lower than 2016, driven by investments in emerging opportunities. Capital spending guiding to $7 billion in 2017.