Higher recall costs in North America and steeper losses in Russia and South America have caused Ford Motor Co(F.N) to slash its forecast for pretax profit this year to $6 billion, from $7 billion to $8 billion previously, executives told investors at a briefing on Monday.
Reuters: Ford shares tumble on lower profit outlook for 2014-2015
The Ford Motor Company logo is seen during a press preview at the North American International Auto Show January 14, 2014 in Detroit, Michigan.
