Ford shares fell 6%

reported by Motors last week announced the increase in its profitability.

while previously Ford was expected to have a profit of 12 billion dollars, but this figure was reduced to 10 billion in the new evaluations. Billion dollars before deduction of tax and interest rate has decreased.

Ford has stated the reason for its profit decline to be the fierce price competition in the car market and disruption in the supply of parts for production cars from the parts makers.

It is expected that American car manufacturers will continue to face the pressure of intense price competition in the coming months.

Tom Narayan, RBC expert Capital says: We continue to follow the trend of car price reduction carefully, and Ford’s profit reduction was expected. On the other hand, the current report is more realistic than previous predictions.