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DETROIT (Reuters) -Ford Motor is appointing a new head of quality, the company confirmed on Wednesday, as the automaker works to reverse its industry-topping record of recalls and reduce warranty ...
Ford Motor Co. on Wednesday said net income in the second quarter fell 4% to $1.8 billion, a drop the company attributed to increased warranty expenses and the launch of new vehicles, and which ...
The fourteenth-generation Ford F-Series is a range of pickup trucks produced by Ford, introduced for the 2021 model year. [3] [4] [5] This was the first generation to include a fully-electric and hybrid pickup truck among the offerings, with the F-150 Lightning EV having entered production in 2022.
The 670 hp (500 kW) version still keeps the Ford and Roush 3 year / 36,000 mile warranty, but the 730 hp (544 kW) version does not. Standard features include a Roush Quad-Tip exhaust (with the ROUSH Active Exhaust System as an optional add-on), and the “R7” aerobody, complete with graphics and badging.
Ford Motor Co. reported Wednesday that its second-quarter net income fell 4.7% from a year ago as its combustion-engine unit posted a pretax loss due to rising warranty and recall costs. The profit drop and lingering quality problems knocked net income to $1.83 billion from April through June, compared with $1.92 billion a year ago.
The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law (15 U.S.C. § 2301 et seq.). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.'s profits this year, causing the company to lower its full-year earnings guidance. Ford said it ...
Ford reported $800 million of increased warranty costs for the second quarter of this year. Farley has been trying to get a handle on warranty costs for the past four years. In October of 2020, he said the company was working to cut quality-related repairs after glitch-prone small-car transmissions hit the automaker’s bottom line.
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