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The U.S. government's auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles. The ...
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 extends warranty for 90,000 recalled vehicles. Ford issued a recall in August for 90,736 vehicles equipped with "Nano" engines and produced between May 2021 to October 2021. On Monday the ...
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.
Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln brand.
The profit drop and warranty costs from April through June did not sit well with investors. Shares of Ford, which had grown about 12% this year as of Wednesday’s market closing, plunged in extended trading during the evening, nearly erasing a year’s worth of gains. Excluding one-time items, Ford made 47 cents per share.
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