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Ford stock jumps 12% as car buyers face a costly reality

Ford (F) shares jumped 12. 4% Thursday after the automaker delivered better-than-expected adjusted earnings and raised the bottom end of its annual profit outlook. For shareholders, that was welcome news. For someone walking into a dealership, Ford’s results revealed a less comfortable trend. From a previous forecast of around $2 billion, Ford now anticipates increased commodity expenses of nearly $2. 5 billion this year. The cost of steel, copper, computer chips, gasoline, and transportation is all rising.

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