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Ford expects autonomy, mobility to take $300M bite out of 2017 earnings

Ford expects its investment on mobility and autonomous vehicles to reduce its 2017 earnings by $300 million, providing a breakout of its investments in the future for the first time. Despite that hit, Ford reported 2017 preliminary net income of $7.8 billion, up 70 percent due in large part to a much lower effective tax rate.

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