27-01-2017 19:40 via news.yahoo.com

Ford braced for $600 million Brexit currency hit

By Laurence Frost PARIS (Reuters) - Ford's 2017 earnings will be hit by a delayed currency impact of at least $600 million from Britain's vote to leave the European Union, the U.S. carmaker told Reuters, putting last year's record European profit levels beyond reach. The company will no longer benefit from currency hedges that had been shielding it from the pound's slump since the June 23 referendum, Ford of Europe boss Jim Farley said on Friday. "When Brexit happened we were fully hedged for th
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