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Ford Motor Eyes More Investments in Electric, Mobility and Autonomous Cars

Shares of Ford Motor are down Thursday after posting results which beat expectations but pretty much every key metric was down from a year ago.

Shares of Ford Motor (F) - Get Report hovering around the flat line in Thursday's session after posting results which beat expectations but pretty much every key metric was down from a year ago. Profits came in at $0.26 a share on an adjusted basis, that was better than estimates, but just half of what they earned a year ago. Revenue though was one of the bright spots. Ford CFO Bob Shanks says the automaker saw more of a 'normalization effect' on its results after last year in the same quarter where it launched the all-new F-150. Shanks says the company is focused on expanding beyond car manufacturing and sees electrification, autonomy and mobility as the building blocks of Ford's future. Shanks says the automaker is open to equity investments, pure acquisitions and partnerships. In the third quarter, Ford made an investment in Zoomcar in India and it also acquired ride sharing service, Chariot. TheStreet's Ruben Ramirez has details from Wall Street.

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