The results "demonstrate the strong earnings power of this company,” CEO Mary Barra says as profits soar 33% to $2.6 billion.
"Basically, the cost increase for the full year has happened in the first quarter," CFO Bob Shanks says.
Ford is hoping its investments in new technologies will help it "expand beyond its core auto-making business and enter new transportation-related services."
The loss reflects an accounting change intended to give investors a clearer view of the operating performance of Ford's business units.
The decision to scrap a planned $1.6 billion factory in Mexico is a "vote of confidence" in Donald Trump's economic policies, Ford says.
Ford Motor's investment is part of a $253 million funding round for the cloud platform company.
Solid finance operations practices are more about discipline than rocket science, says FLIR's new CFO, fresh from 20 years at Ford.
One of the Big Three adopts mark-to-market accounting for its pension obligations.
While many companies see finance-transformation efforts as finite projects, to Ford it's just the way to 'do finance.'
In the face of extreme weather and natural disasters, companies are reengineering their supply chains for added reliability.
