Ford Stock Drops 5% On Lowered Guidance Shares of Ford Motor Co. (F) are down 5% after the Detroit automaker warned that its supplier costs are $1 billion U.S. higher than had been expected due to rising inflation. Consequently, the automotive manufacturer said it now expects earnings in the range of $1.4 billion U.S. to $1.7 billion U.S. when it reports results in October. The new forecast is far below the $3.7 billion U.S. in earnings Ford reported in its previous quarter, and the $3 billion U.S. it earned in the year ago period. The company said in a written statement that an ongoing parts shortage will keep its inventory of half-completed vehicles elevated in the coming months. Ford is the latest in a series of companies to warn of deteriorating earnings in the face of macroeconomic headwinds. FedEx (FDX), General Electric (GE) and McDonald’s (MCD) have each warned of waning demand, supply-chain issues, and inflation in recent weeks. Ford now estimates that its number of partially completed vehicles will total 40,000 to 45,000 at the end of the current third quarter.