Ford Shares Plunge on Q3 Earnings Miss, EV Setbacks

Ford Motor's stock fell 12% on Friday after weaker-than-expected quarterly earnings and withdrawal of guidance.

Ford reported an adjusted loss of $1.3 billion for its electric vehicle unit, wider than expected.

Ford paused billions in long-term EV investment due to unwillingness of customers to pay premium EV prices.

Ford bonds were seeing heavier selling on Friday, down 1/4 to 1/2 point.

Ford earned $1.2 billion in Q3, swinging from a $827 million loss a year ago, but earnings missed analyst expectations.