Ford shares fall 8% after disappointing 2020 profit outlook
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(Reuters) - Shares of Ford Motor Co fell nearly 8% on Wednesday, a day after the automaker forecast a lower profit for 2020, surprising analysts who also criticized the company's management for holding back details on the earnings shortfall.The disappointing outlook underscores the higher costs that Ford has been spending on developing self-driving and electric cars to keep pace with pioneers like Tesla Inc .The No. 2 U.S. automaker by sales volume is far behind Tesla in the development of..