Ford cuts 2018 profit forecast; tariffs, China sales hurt second quarter

Ford Motor Co on Wednesday lowered its full-year earnings forecast due to slumping sales and trade tariffs in China and its struggling business in Europe, and said ongoing plans to revamp its business could lead to pre-tax charges of up to $11 billion over the next three to five years.

from Reuters: Business News https://ift.tt/2OiJQQK