zerohedge.com / by Tyler Durden / Sep 14, 2016 3:10 PM
As Ford prepares for it’s annual investor day, the company announced expectations this morning that operating income will decline in 2017 as the automaker increases investment in electric and autonomous vehicles, before rising again in 2018. This news comes after Ford just lowered it’s expectations for FY 2016 EBIT to $10.2BN from $10.8BN due to increasing costs associated with an expanded recall related to faulty door latches. This latest profit warning from Ford also comes just weeks after executives, on their August sales call, provided sobering commentary on future auto sales saying they believe sales have “reached a plateau” and will be“at a lower level” in 2017. Below are some of the other key comments made on the August sales call:
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