Ford Motor Co (F. N) said on Thursday that it expects lower in the first quarter profit and lower pretax profits in 2017 due to the increase in the cost of goods, guarantees and investments and a decline in sales.
Ford shares fell more than 1% to $11.65 in early trading.
Ford Motor expects to earn 30 or 35 cents per share in the first quarter. Analysts on average have predicted 47 cents per share.
The company expects a pretax profit for 2017 of $9 billion and it is much lower than in 2016. In 2018, the automaker has planned a series of investments in new features and improvements.
Analysts wait Ford to post pretax profit of $9.2 billion.