Well, appears Ford has other causes of why their profit is declining. They are terrible in China, even while competitors are are down but not as significantly.
http://www.gopbriefingroom.com/index.php/topic,336335.msg1820410.html#msg1820410Volkswagon sales was off 10.5%
GM sales was down 14.9%
Ford sales were down 43%
China accounts for 25% of worldwide auto sales, so that is important for profit of an automaker.
98% of all the cars sold by Ford in China are manufactured in China. So tariff effect is not here in any fashion.
Just poor strategies. How about the leadership?
Appears the CEO Ford selected just 17 months ago is not too up on automaking anyway as he has no background on that.
https://en.wikipedia.org/wiki/James_Hackett_(businessman)His claim to fame was interim athletic director at Michigan and hired Jim Harbaurgh. Quite the pedigree to oversee a major auto firm the next year. after he left that position.
Wonder if that might be a reason for Ford's rapid decline in profitability?