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Ford's Q4 profits fall 90%

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Ford Motor Co. posted a fourth-quarter net income drop of 90%.

CEO Jim Farley said the company left $2 billion in profits on the table that it could have gained.

“These are the simple facts, and to say I’m frustrated is an understatement, because the year could have been so much more for us at Ford,” Farley said, pointing to plans to improve urgency and execution in 2023.

Read more from The Associated Press.

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