Ford Motor Co. (IW 500/4) said financial results will decline next year as it boosts spending on new businesses such as driverless and electric cars while fixing weaknesses in luxury autos and emerging markets.
The automaker didn’t provide specific financial targets in a statement ahead of investor-day presentations on Sept. 14. Still, Ford’s guidance contrasted with average analyst estimates in a Bloomberg survey for adjusted earnings per share to rise by 1 cent next year, to $1.84, and for adjusted net income to rise to $7.45 billion from $7.37 billion. The slide should be temporary, with results rising in 2018, Ford said.
