Ford Motor's shares tumble as CEO says $2 bn profit left 'on table'

Ford shares fell as much as 11% Friday in New York, the biggest intraday decline since September 20

Ford Motor Co. shares tumbled the most in four months after the carmaker missed earnings expectations, blaming poor execution and continued supply shortages.
 

The results show Ford is struggling to balance the transition to electric cars from combustion vehicles. The company is counting on strong sales of gas-burning F-Series pickups and Bronco sport utility vehicles to help foot the $50 billion that Chief Executive Officer Jim Farley has committed to developing and building EVs.

The automaker reported fourth-quarter profit excluding some items of 51 cents a share, short of the 62-cent average of analysts’ estimates. On that basis, earnings before