Ford got clobbered on Monday, dropping almost 8% after the company announced that it was going to lose billions in Europe and South America in 2014. Ford also announced a recall of 850,000 vehicles that could cost $500 million this year and further erode the bottom line. On the plus side, Ford expects to make money in the U.S., as the auto market continues to surge. Ford dipped another 2% in trading on Tuesday, closing at just under $15 per share. Prior to Monday’s selloff, Ford watchers on Wall Street and in the media were preoccupied with …read more
Source: Business Insider
