Ford Drops $7B in Market Valuation Signifying Worst Day Since 2011


Ford stock is down by 12.3% with roughly $7 billion knocked off from its market value. This is only second to Jan 28, 2011 when the automaker's stock fell 13.4% in one day.

The drop came as the automaker warned investors of $1 billion in unexpected supplier costs. Ford expects $1.4 to $1.7 billion in earnings before interest and tax during Q3.

See full $F flow at