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Ford has missed Wall Street's Q3 expectations and has withdrawn its full-year results forecast due to uncertainty over the pending ratification of its deal with the United Auto Workers union. The company also warned of continued pressure on electric vehicles (EVs). As a result, Ford will postpone about $12 billion in EV investments as buyers become more cautious. The automaker is facing challenges with demand and believes that EVs are too expensive. Ford's shares fell after pulling its forecast, with wider EV losses expected.
Ford shares fall after pulling full-year forecast, wider EV losses https://t.co/2mXU0dSpCi https://t.co/l0kHMftawd
Ford withdrew its full-year results forecast due to ‘uncertainty’ over the pending ratification of its deal with the United Auto Workers union. More here: https://t.co/T0NXHgHybz https://t.co/OauQIkKbqd
$F (-4.0% pre) Ford withdraws its 2023 forecast, warns of higher losses on EVs https://t.co/M61P8Zur5a
Ford withdrew its full-year results forecast due to ‘uncertainty’ over the pending ratification of its deal with the United Auto Workers union https://t.co/6kuhpbAB3g https://t.co/CvH55AeaxK
Ford withdrew its full-year results forecast due to ‘uncertainty’ over the pending ratification of its deal with the United Auto Workers union, and warned of continued pressure on electric vehicles. More here: https://t.co/T0NXHgHybz https://t.co/fWfVKRN8Bj
Ford withdrew its full-year results forecast due to ‘uncertainty’ over the pending ratification of its deal with the United Auto Workers union, and warned of continued pressure on electric vehicles https://t.co/6kuhpbB8SO https://t.co/kQcm38OTMt
Ford hits the brakes on $12 billion in EV spending because EVs are too expensive https://t.co/oL080JR4zR
Ford delays $12B in EV investments as automaker wrestles with demand https://t.co/damj3g9eL6 by @rebeccabellan
Ford withdraws 2023 forecast, warns on EV results https://t.co/PrSrp4X20s https://t.co/aJQDrlVjZ2
Ford will postpone about $12 billion in EV investment as buyers become more cautious https://t.co/ox546hbgL3
Ford misses Wall Street's Q3 expectations, pulls guidance due to UAW strike, pending deal https://t.co/9dPCGZiq5f