February 19, 2019 / 6:44 PM / 3 months ago

Ford exiting heavy truck business in South America

DETROIT, Feb 19 (Reuters) - Ford Motor Co on Tuesday said it would exit its heavy commercial truck business in South America and cease production at a Brazilian plant this year as a result.

The No. 2 U.S. automaker expects to record pretax special charges of about $460 million, with most of that recorded this year, it said in a statement. (Reporting by Ben Klayman; editing by Jonathan Oatis)

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