Ford says 2015 pre-tax profit in upper half of guidance

AP News
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Posted: Jan 12, 2016 4:58 PM

DEARBORN, Mich. (AP) — Ford is expecting a 2015 pre-tax profit that falls in the upper half of company guidance between $10 billion and $11 billion.

It expects that measure for 2016 to equal or beat last year's level, with a strong performance in North American and profitability elsewhere.

The Dearborn, Michigan-based automaker also on Tuesday declared an extra 25-cent dividend on top of its first-quarter dividend of 15 cents.

Shares of Ford Motor Co. fell 3.1 percent to $12.45 in after-hours trading.