Ford chief financial officer Bob Shanks details the automaker’s quarterly results after the company reported earnings and revenue that missed analysts’ expectations on Tuesday. Shanks cited a higher tax rate than analysts were expecting for the impact on net income and earnings per share, while he says he doesn’t believe the market truly factored in the impact of the strong U.S. dollar when it came to revenue. With North America being Ford’s biggest pocket of strength, Shanks reveals how much the company is still being affected by the roll-out of the new aluminum-bodied F-150. Shanks says the company is coming out of the launch as the second quarter comes to a close and has strong expectations for the rest of the year.
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