Lackluster U.S., China sales drag on Ford Motor profit, shares tumble

By Bernie Woodall
DETROIT (Reuters) – Ford Motor Co <F.N> reported weaker-than-expected profit in the second quarter and declared that the U.S. auto industry’s long recovery was at an end, sending its stock and those of other auto companies tumbling.
Ford shares slumped nearly 10 percent in morning trading on Thursday, after Chief Financial Officer Bob Shanks told reporters the U.S. economic recovery is “maturing,” and forecast sales would be weaker in 2017 than in