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Ford selloff deepens after warning of $1 billion in extra costs

Ford’s shares fell 8.5% at 10:20 a.m. Tuesday in New York

Bloomberg News

Ford Motor Co. tumbled the most in seven months after saying inflation is pushing supplier costs $1 billion higher than expected in the current quarter, joining the chorus of major corporations warning about challenges rippling through the economy. The automaker expects adjusted earnings before interest and taxes in the range of $1.4 billion to $1.7 […]

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