@taskmaster4450le's thread

Automaker Ford weakens profit outlook amid price war, shares fall

Ford Motor said on Monday it expects to hit the lower end of its full-year profit guidance, dropping the company's shares 5% in after-hours trading, as a price war hits the U.S. automaker's bottom line.

• Ford expects $10 billion EBIT this year, down from $10 billion-$12 billion range
• Third-quarter profit fell less than expected
  Ford faces $5-billion loss on EVs this year despite cost improvements

#ford #earnings #automotive #evs