Ford cuts 2017 profit outlook with dawn of Trump era
It sees bumpier future as president-elect translates his promises into new policies on trade, tariffs and regulation
Southfield, Michigan
FORD Motor Co, cutting its 2017 profit forecast for the second time in three months, said it sees a bumpier future as US President-elect Donald J Trump translates his campaign promises into new policies on trade, tariffs and regulation.
"It feels like a world that's even more volatile," Bob Shanks, Ford's chief financial officer, said in a presentation to analysts last week. The Trump administration "is going to be an opportunity for substantial change".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Boeing shareholders back outgoing CEO pay deal despite safety woes
US tariffs on Chinese EVs hurt green transition, says XPeng boss
VW, Renault end talks to develop affordable EV
Chinese EV giants hammered by Biden tariff are welcome in Brazil
Japan’s Honda raises electrification investment to US$65 billion through FY2030
Rising industry capacity exerting pressure on yields, says senior SIA executive