Ford's Restructuring Plan Can't Pick Up Speed
Iconic American car company Ford (NYSE: F) reported its fourth-quarter and full-year earnings on Feb. 4, and the results were about as pretty as rush hour on I-95. An ongoing restructuring program is dragging down top-line numbers while failing to deliver meaningful results on the bottom line. How long will investors have to wait to see management's long-term strategy for the company play out?
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Ford is currently embarking on an ambitious $11 billion restructuring program. Announced in July 2018, the plan is designed to cut fat and eliminate redundancies in the business. However, investors have yet to see any benefits from the costly and long-running undertaking.
Source Fool.com
