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That's a big concern, because those locations were areas of strength just last quarter.In the middle of a trade war, Ford setting aside so much cash is risky.You could hear the exasperation in Jones' voice on the conference call. Are you going to — is there anything else you can say in terms of geography, function, region?
And cutting underperforming segments — if that is indeed Ford's plan — could undermine the turnaround. "Without a clear game plan, [Ford] has us worried about how the broader business is being managed," Barclays' Johnson said.
Ford may widen its profit margin if it cuts the fat, but its sales would decline, too. Morgan Stanley's Jones said postponing the investor day is "a pretty big deal." Ford wasn't about to give analysts any satisfaction.
The company is also in the middle of a massive restructuring with an aim to slash costs by $14 billion over the next five years.
Ford recently announced plans to cut thousands of jobs in Europe as well as discontinuing some unprofitable lines there.
Yet in the face of a skeptical market Hackett defended Ford's moves to right its ship.
He told CNBC that investors "needed to be a little patient with some of the long-lived problems that haven't been addressed that I'm going to represent.
The automaker presented the 2019 outlook during the Detroit auto show.
Ford's top executives explained the expectations to investors at the 2019 Deutsche Bank Global Auto Industry Conference on Wednesday in Detroit.
However, Hackett is not so worried."China's optimism is still high with us," he told CNBC.
"The brand is one of the highest-ranking brands in the country.