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

Ford Motor Co. signage at the Washington Auto Show in Washington, D.C., U.S., on Friday, Jan. 21, 2022. The auto show, designated as one of the nation's top five auto shows by the International Organization of Motor Vehicle Manufacturers, runs from January 21-30. Photographer: Al Drago/Bloomberg

Photographer: Al Drago/Bloomberg

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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