Ford has also been weighed down this year by high warranty costs and problems with its supply chain, worsened by recent hurricanes, Chief Financial Officer John Lawler said.

Third-quarter profit fell less than expected, however.

The company reported third-quarter net income of $900 million, or 22 cents per share, down from 30 cents a year ago. Results were hurt by a $1-billion charge it took on cancelling production of a three-row electric SUV in August.