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Tuesday, October 3, 2023

Ford stock heads lower after auto maker’s EV business posts loss

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Ford Motor Co. late Tuesday swung to a quarterly profit and reported a 20% rise in sales, but the stock fell 2% in the extended session as Wall Street seemed to question Ford’s unchanged guidance.

Ford F “delivered a solid quarter while making real progress on our Ford+ growth plan,” Chief Executive Jim Farley said in a call with analysts following results.

“I…

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