Ford (F) shares fell after reporting Q3 earnings that beat on the top line and re-affirming the bottom end of its full-year profit forecast, though the automaker took a big impairment from its Argo AI investment.
For the quarter, Ford reported:
Ford said it would be taking a $2.7 billion non-cash, pretax impairment on its investment in Argo AI, which TechCrunch reported would be shutting down, with engineers and other employees being absorbed by Ford and its Argo AI partner, Volkswagen.
“In the…
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