Ford estimates profit will fall to $9 billion this year

Ford expects a pretax profit of about $9 billion in 2017, down from 2016's pretax profit of $10.4 billion. It had previously said it expected a lower profit because of investments in mobility services, but had not given a dollar figure until it submitted a filing with the SEC.

| UPDATED: 3/23/17 11:37 am ET - adds details

Mercedes faces complaint from China's Chery over EQ name

Chinese automaker Chery has filed a complaint with the country's trademark regulator over Mercedes's use of the "EQ" name for a subbrand of electric

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