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".