Ford shares plummet after profits warning

Ford saw its shares fall to their lowest level in more than a year today after becoming the second US car giant in weeks to shock investors with a profits warning.

Ford’s stock fell 6.1%, or 67 cents, to 10.36 US dollars in early trading on the New York Stock Exchange after saying late on Friday that it did not expect to meet its profit goals in 2005 or 2006.