Ford, like most of its rivals, is seeking ways to profit as the industry moves toward driverless technology and ride-sharing.
The company also added it would move all of its small-car production from Detroit to Mexico within three years.
Shares of Ford dropped more than 1.5% after it announced its 2017 outlook.
The share price has not recovered since it fell more than 8% in late July when Ford said the industry was going into a gradual decline.
Last week, Ford lowered its 2016 pre-tax profit forecast to $10.2bn from at least $10.8bn because of an expanded vehicle recall.
It had initially forecast a profit equal to or better than last year, but pulled back after announcing a $640m recall of 2.4 million vehicles.
Ford currently makes some Fiestas in Mexico, but has kept production for some of its Focus and C-Max models in suburban Detroit.
The company is building a new $1.6bn assembly plant in San Luis Potosi, Mexico. It will make small cars there starting in 2018.
The move has drawn criticism from presidential candidate Donald Trump, would complained about a loss of US jobs. Ford chief executive said during an investor day on Wednesday that the company had to stay competitive.
Ford's Michigan Assembly Plant will be getting new products under a contract signed last year with the United Auto Workers union.

Lee's film revisits Michael Jackson's life story in Journey from Motown to Off the Wall, while Herzog has made a documentary about online culture.
Festival organisers announced the dramatic and documentary premieres days after revealing the competition titles.
Kristen Stewart, Anna Kendrick and Danny DeVito are among the actors in the festival's line-up.
The festival kicks off on 21 January in Park City, Utah.
Stewart appears in Certain Women, alongside Laura Dern and Michelle Williams, who also stars in Manchester by the Sea with Casey Affleck.
Kendrick stars in The Hollars, about an aspiring New York City artist who returns to his Middle America hometown on the eve of his mother's brain surgery, while DeVito appears in the whimsical Wiener-Dog, about a dachshund who appears to be spreading comfort and joy.
Festival director John Cooper said: "We have seen an increase in younger audiences in recent years, showing that the next generation of independent film fans is culturally adventurous, and drawn to the diverse line-up we offer each year."
Trevor Groth, director of programming added that their selection of films revealed "that what resides at the core of captivating stories are fascinating, and at times heroic, characters".
He added: "In shining light on these people, independent filmmakers are doing what they've always done best: connecting the dots of human existence with a deeply charged emotional current."

Cambridge Tory Chamali Fernando's lawyers have demanded an apology from Lib Dem candidate Julian Huppert.
Ms Fernando claims she was misquoted in criticism by Mr Huppert after a debate in the city where they both spoke.
He confirmed receiving a legal letter and said he was taking advice.
Mr Huppert said: "I have received a letter from Chamali Fernando's solicitor threatening legal action.
"I have instructed a solicitor and I am taking legal advice on this matter."
Ms Fernando said she had answered a question at the hustings about the way mental health was treated, with particular reference to the holding of mentally-ill people in police cells.
She said at the time: "I would like to see more training for legal professionals and police officers.
"Maybe something as simple as there are certain conditions which are more common where people can wear a wristband to identify they have a condition, so then we can perhaps spot it earlier, and ensure we can deal with it.
"There are a variety of measures we can look at, but again this is something where we need to work together."
Her agent Chandila Fernando said the candidate was demanding an apology and Mr Huppert had been given until 16:00 BST on Tuesday to respond.
Rupert Read from the Green Party, Daniel Zeichner from the Labour Party, Keith Garrett of Rebooting Democracy and Patrick O'Flynn from UKIP are also standing for the Cambridge seat at the General Election.
US carmaker Ford has said it expects pre-tax profits to fall next year as it increases spending on projects such as self-driving and electric cars.
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Films by Spike Lee and Werner Herzog will be among those premiering at the 2016 Sundance Film Festival.
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A parliamentary candidate who suggested people with mental health issues could wear identity wristbands to prevent communication issues has threatened legal action against a rival.