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Ford slides after a disappointing earnings report highlights its struggles in China

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Ford's sales in China slid 27% in the first half of the year, outpacing a broader market-wide decline.

Ford reported second quarter earnings Wednesday that fell short of analyst expectations. Shares slid 7% in early trading on the news. The company continues to struggle in China, seeing sales declines much larger than the broader market. The company is in the midst of a massive $11 billion restructuring led by CEO Jim Hackett. The company will focus on its profitable line of pickup trucks as well as autonomous and electric vehicles in the transformation. Watch Ford trade live on Markets Insider.

Ford reported second quarter earnings Wednesday that fell short of analyst expectations. Shares slid 7% in early trading on the news. The company continues to struggle in China, seeing sales declines much larger than the broader market. The company is in the midst of a massive $11 billion restructuring led by CEO Jim Hackett. The company will focus on its profitable line of pickup trucks as well as autonomous and electric vehicles in the transformation. Watch Ford trade live on Markets Insider.

 

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