Ford Motor Company F posted better than expected fourth-quarter results today, January 29, following which Robert Shanks, executive vice president & CFO at Ford, was on CNBC to discuss the company’s results and the challenges it faces in Russia.
Past Predictions Come To Fruition?
“We said more than a year ago that this year was going to be somewhat different than the previous four and that we are going to see a lot of launch effects from a very aggressive – in fact an unprecedented – introduction of products this year, last year rather, and we delivered that,” Shanks said.Is The 17 Million Auto-Sales Number For Real?
Is The Worst Yet To Come In Russia?
“Of course, things have changed since then. But we do have confidence that at least in the medium- to long-term Russia is still going to be a very important market and we are going to participate in that…very, very tough in Russia last year and looking extremely difficult this year.”
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