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Ford, GM and other carmakers face 50% profit slump next year, UBS analysts say

Profits are set to drop amid weakening demand

Bloomberg News

Shares of automakers Ford Motor Co. and General Motors Co. took a beating Monday as outlook for the industry darkened further with at least two Wall Street analysts predicting earnings will fall steeply next year. Profits for US and European car companies are set to drop by half next year as weakening demand leads to […]

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