Ford postpones October sales results because of fire

Ford Motor Co said late Monday it will not release October sales results on Tuesday because of a fire that occurred at its headquarters. Ford said it plans to release results “later this week” because an electrical fire at its Dearborn, Mich., headquarters interrupted power to its data systems. “While battery backups worked as intended to protect data saved in the system, the lack of full power resulted in the data center being shut down for most of Monday’s business day, and dealers were unable to report final-day sales,” Ford said in a statement. Ford shares declined 0.1% to $11.73 after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply