Ford Cuts Forecast on Used Car Glut
- U.S. automaker cites declining auction values for used cars
- ‘It feels like a world that’s even more volatile,’ CFO says
Ford CEO: We're Ready to Work With Trump on Policy
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Ford Motor Co., cutting its 2017 profit forecast for the second time in three months, said it sees a bumpier future as 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 today. The Trump administration “is going to be an opportunity for substantial change.”