Ford Cuts 2016 Earnings Forecast as It Expands Latch Recall

  • Automaker now sees annual pretax profit of $10.2 billion
  • Door parts to be replaced in almost 2.4 million vehicles
Photographer: Andrey Rudakov/Bloomberg

Ford Motor Co. cut its 2016 pretax profit forecast to about $10.2 billion from at least $10.8 billion because of the cost of an expanded recall of faulty door latches.

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