Reported 29 days ago
Ford Motor Company's shares dropped by over 10% as the automaker revised its profit forecast downward due to supply chain disruptions and increased warranty costs. The company now anticipates adjusted earnings of around $10 billion for 2024, a reduction from its previous estimate of $10 to $12 billion. This forecast comes amid a market shift towards compact vehicles and rising pressures on pricing across the auto industry.
Source: YAHOO