Reuters was nearly a minute ahead on Ford lowering its annual profit guidance, blaming supplier disruptions and warranty costs amid a global price war fueled by overcapacity. The news sent the automaker’s shares skidding 5% after-market on Monday, and as much as 6% premarket on Tuesday.
News First | Americas
Ford shares drop as supply snags and costs hurt profit forecast
29 October 2024, 12:00 am
1 min read
Ford cars are displayed at the 39 Thailand International Motor Expo, in Bangkok, Thailand, November 30, 2022. REUTERS/Athit Perawongmetha