AFP, New York :
US auto giant Ford said Thursday its first quarter earnings would come in well below analysts’ expectations, as it projected industry-wide US and Chinese car sales would decline in 2017.
Ford, the second-biggest US automaker after General Motors, projected first quarter adjusted earnings of 30 to 35 cents per share, falling far short of the 47 cents expected by analysts.
But Ford said was standing by its full-year earnings estimate of $1.64 per share, according to a presentation by chief financial officer Bob shanks.
