Enter multiple symbols separated by commas

Ford's stock dives as company warns on overseas profit

Ford Motor Corp
Adam Jeffery | CNBC

Ford said Wednesday it expects lower pretax profit in 2014 and that its target for global automotive operating margin is at risk, due to economic conditions in Europe and South America, driving Ford shares down more than 4 percent.

Ford said it expects global pretax profit would be between $7 billion and $8 billion next year, down from an estimated $8.5 billion in 2013. Previously, Ford had said its 2013 profit would exceed $8 billion.

Ford said its mid-decade target for operating margins worldwide of between 8 percent and 9 percent was at risk.

This year's earnings will mainly come from North America, where the company expects a profit of $8.34 billion.

North America will be less profitable in 2014, with operating margins of between 8 percent and 9 percent, which is down from a previously expected 10 percent.

--By Reuters

Contact Autos


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.