Ford Falls Most in 15 Years as Warranty Costs Erode Profit - BNN …

Jul 25, 2024 · (Bloomberg) -- Ford Motor Co.’s shares suffered their worst day in more than 15 years after a big earnings miss that the automaker blamed on a surge in warranty repair costs for older vehicles. Recurring quality problems have driven up Ford’s warranty costs for years, but …

CouponFollow Extension

$4
OFF

Ford Stock Plummets As Warranty Costs Hurt Profit - The Detroit …

2 weeks from now

Jul 25, 2024 · Last year, Ford spent $4.8 billion fixing customers’ cars. Early this year, the automaker held some 60,000 redesigned F-150 pickup trucks in lots around Detroit for extra …

detroitnews.com

7%
OFF

Stubborn Warranty Costs Push Down Ford's 2Q Net Profits, Causing …

2 weeks from now

Jul 25, 2024 · 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 …

apnews.com

7%
OFF

Stubborn Warranty Costs Push Down Ford's 2Q Net Profits, Causing …

2 weeks from now

Jul 25, 2024 · 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 …

yahoo.com

3%
OFF

Ford Posts 5.3% Profit Decline In Second Quarter From Warranty Costs

2 weeks from now

Jul 24, 2024 · Ford Motor Co. said Wednesday it made $1.8 billion in net income in the second quarter of 2024, a 5.3% decline year-over-year from increased warranty costs. The profit that …

detroitnews.com

$1.14
OFF

Stubborn Warranty Costs Push Down Ford’s 2Q Net Profits ... - The Hill

2 weeks from now

Jul 25, 2024 · Model e, the electric vehicle unit, lost $1.14 billion, $63 million worse than a year ago. Despite the net profit drop, Ford held its full year guidance for pretax income at $10 billion …

thehill.com

$10
OFF

Ford Profit Falls Short On Quality Woes, Warranty Costs

2 weeks from now

Jul 24, 2024 · RELATED: Ford Recalls Over Half a Million 2014 F-150 Pickup Trucks Ford reiterated its earnings outlook for the year, forecasting profit of $10 billion to $12 billion before …

ttnews.com

$500
OFF

Ford Profit Falls Short On Quality Problems, Warranty Costs

2 weeks from now

Jul 25, 2024 · General Motors Co. Tuesday boosted its profit guidance for the year by $500 million to as much as $15 billion. Ford has been ramping up production of traditional internal …

cnbctv18.com

7%
OFF

Stubborn Warranty Costs Push Down Ford’s 2Q Net ... - FOX31 Denver

2 weeks from now

Jul 25, 2024 · 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 …

kdvr.com

$100
OFF

Will Warranties Badly Damage Ford Earnings Again?

2 weeks from now

Nov 18, 2024 · When Ford announced its most recent earnings on October 30, its profits were down $100 million from the same quarter a year ago. The warranty charges were hundreds of …

247wallst.com

$7
OFF

Ford Execs Discuss How To Fix $7 Billion-$8 Billion Cost Disadvantage

2 weeks from now

Feb 15, 2023 · Warranty costs, a nagging issue for Ford, also contribute. Lawler said Wednesday that Ford's warranty costs were essentially flat last year after the company achieved about $1 …

detroitnews.com

$1
OFF

Ford Shares Losing Traction On Concerns Over EV Losses, Warranty …

2 weeks from now

1 day ago · The company expects $1B in net cost reductions in FY25, primarily from warranty and material expense savings, most of which will occur in H2 of this year. Ford ( NYSE: F ) shares …

seekingalpha.com

FAQs about Ford Falls Most in 15 Years as Warranty Costs Erode Profit - BNN … Coupon?

Did Ford's recurring quality problems drive up warranty costs?

Recurring quality problems have driven up Ford’s warranty costs for years, but an $800 million spike in the second quarter caught investors by surprise. Ford reported adjusted earnings per share of 47 cents late Wednesday, well short of the 67-cent average estimate of analysts surveyed by Bloomberg. ...

Why did Ford's shares suffer a bad day in 15 years?

(REUTERS) Ford Motor Co.’s shares suffered their worst day in more than 15 years after a big earnings miss that the automaker blamed on a surge in warranty repair costs for older vehicles. Recurring quality problems have driven up Ford’s warranty costs for years, but an $800 million spike in the second quarter caught investors by surprise. ...

Will Ford's warranty cost decline in the future?

Ford said the problems affected primarily older vehicles, from model year 2021 or earlier. But Lawler said Ford was seeing fewer quality problems for new cars during their first three months on the road, suggesting warranty costs will decline in the future. “Quality and warranty, there’s a lag between the two,” he said. ...

Does Ford have a warranty problem?

Ford has struggled to control its warranty costs for years, with executives citing the expense of servicing vehicles as a factor contributing to poor performance a decade ago. The company has said it is testing cars and trucks more thoroughly as it attempts to lessen the perennial problem. ...

Why did Ford lose 47% in Q2?

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. ...

Why is Ford more expensive than other cars?

Ford's cost disadvantage, estimated to be between $7 billion and $8 billion, can be attributed to several reasons. Approximately half of this, or $3 billion to $4 billion, is due to higher material costs. Warranty costs, a persistent issue for Ford, also contribute to the expense. ...