Ford Motor Co. (IW 500/3) descended into the red in the final three months of 2018, dragged down by deeper deficits overseas and a loss on its pension fund.
The automaker reported a net loss of $116 million for the fourth quarter, missing analysts’ average estimate for income of $1.27 billion. This is just the second quarterly loss Ford has posted on a GAAP basis since early 2009, according to data compiled by Bloomberg.
