Shares of Ford Motor Co. fell on Monday to their lowest level in nearly two years after the automaker cut its 2005 earnings forecast and abandoned a key 2006 profit goal.
Shares of the second-largest U.S. automaker fell as much as 8 percent. Ford said late on Friday that it expects its 2005 profit to be at least 14 percent lower than anticipated, due in part to higher steel prices, rising U.S. gasoline prices and health care costs.
