Ford to Exit Heavy-Truck Business in South America
Auto maker to take pretax charges of roughly $460 million; work to end at assembly plant in Brazil
Ford Motor Co. intends to stop making heavy trucks in South America and focus there on the more popular midsize pickup trucks and sport-utility vehicles, the company said Tuesday.
Michigan-based Ford is under pressure to improve its international operations after incurring losses at all of those units in 2018, including $678 million in South America.
On...