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Ford full-year profit plunges on slower sales, pension costs

Ford Motor Co.'s profit last year plunged by more than $3.6 billion, weighed down by slowing U.S. sales, the cost of a botched SUV launch and some big pension expenses. The Dearborn, Michigan, automaker said Tuesday it made $47 million in 2019, down from a $3.68 billion profit a year earlier. For the fourth quarter the ...

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