Ford Expects Record Pre-tax Profit, Announces Extra Dividend

Ford Motor Co. said Tuesday it expects a "record" 2015 pre-tax profit, around the upper range of the car maker's guidance of $10 billion to $11 billion. The results for 2016 are expected to be "equal to or higher" than 2015, the car maker said. The company also declared a supplemental dividend of 25 cents a share, which would be on top of first-quarter dividend of 15 cents a share. Ford said it plans another "active product year" with 12 global car product launches, including a new Ford Focus electric, with a projected 100-mile range. Shares of Ford fell 1.6% in late trading Tuesday after ending the regular trading day up 0.6%.

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