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Nightmarish Profit Warnings Have Detroit Reliving Bad Old Days

  • GM, Fiat Chrysler shares tank after cutting profit forecasts
  • Ford’s stock to be in ‘purgatory’ for a while, analyst says
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Ford CFO Says Steel Tariffs Hit North American Business
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It felt so 2009.

First, General Motors Co. and Fiat Chrysler Automobiles NV reported weak earnings, with both reining in profit forecasts for the year. That sparked sharp sell-offs of their stocks.