Why Ford's Decision to Move the Focus to China Cost $248 Million
Ford Motor Company (NYSE: F) said earlier this year that it will move production of the next-generation Focus compact, due in about two years, overseas -- mostly to China. Now we know the price tag for that move: $248 million.
Ford said this past week that it took one-time charges totaling $248 million against its second-quarter earnings to cover the costs of its decision to move production of the next-generation Focus out of North America.
Now, we should keep that in perspective: That's likely just a fraction of what Ford will save by making the upcoming all-new Focus in China. But here's why the decision to move the Focus cost Ford so much money.
Source: Fool.com
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