Ford sees operating margin target at risk, shares fall

Reuters

NEW YORK (Reuters) - Ford Motor Co (NYS:F) on Wednesday that its target for global automotive operating margin of between 8 percent and 9 percent is at risk, due to economic conditions in Europe and South America, and it expects North American pretax profit to be lower in 2014 than in 2013.

Ford shares fell before the opening of the market by about 4 percent after the company announced the change in its 2014 forecast from one given in the middle of this year.

(The story corrects first paragraph to "expects North American pretax profit," adding words "North American".)

(Additional reporting by Nadia Damouni in New York and Bernie Woodall in Detroit)

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