(Bloomberg) — Ford Motor Co., founded 100 years and 15 days before Tesla Inc., is paying the price for a sudden role reversal: It’s now the one struggling to produce a new model on time, at scale and without losing money.Ford on Tuesday projected lower-than-expected profit for this year after ending 2019 with a quarterly net loss. Costs linked to launching revamped F-150 pickups will hurt future results and extend an earnings slump partly blamed on the botched rollout of its signature SUV, the Explorer.The disappointing forecast and faulty introduction of a crucial vehicle are reminiscent of the struggles investors …read more
Source:: Yahoo Finance
