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: 3/16/17 4:30 pm ET - adds detail

Japan automakers willing to work with U.S. on trade grievances

Japan's auto industry, under trade pressure from President Trump, has struck a conciliatory note, saying it is open to addressing American grievances

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