Ford Motor says 2017 financial results to drop from 2016 levels

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Ford Motor Co said that its 2017 financial performance will pale compared to this year's, because of increased spending on "emerging opportunities," the company said on Thursday.

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Last week, Ford lowered its 2016 pre-tax profit forecast to $10.2 billion from at least $10.8 billion because of a charge to be reported in the third quarter for an expanded vehicle recall.

(Reporting by Bernie Woodall)