The executive who is taking a wrench to Ford’s quality troubles.
over concerns that the battery could overheat and cause the vehicle to lose power. In the first seven months of the year, Ford had 46 separate safety recalls on 6.8 million vehicles, more than any other U.S. auto maker.
and other rivals for electric-vehicle superiority in the years ahead. The billions of dollars Ford spends each year on warranty repairs and recalls make it more difficult to reach its goal ofand free up spending for new electric-vehicle models, battery plants and manufacturing plants. Last year Ford set aside more than $4 billion for warranty costs, up 76% from five years earlier. Its total warranty expenses increased about 17% from 2016 to 2021.
Quality problems have long been a drag on the company’s bottom line. Ford took hefty charges against its earnings several times in the last decade to address issues, and it contended with bungled new-model launches that led to delays. When Chief Executive Jim Farley took over in October 2020, he made quality a top priority, pledging to lower warranty-related costs and earn back customers’ trust.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Two-Tone 2023 Ford F-150 Heritage Editions Celebrate 75 Years of F-SeriesThese special-edition pickups flip classic F-150s' two-tone script.
Weiterlesen »
Ringbrothers reveals new 'Caged' Ford MustangLooks like a 1964 Mustang, but all this shares with the original are the centre caps...
Weiterlesen »
How Ford adapted one of its coolest trucks for off-roadingAn increase in the vehicle's clearance, a new suspension, and other changes equip the newest Maverick for hitting the trail.
Weiterlesen »
2022 Ford Bronco Everglades Is Ready to Get WetIts factory-installed snorkel and winch encourage fearless off-roading.
Weiterlesen »
Man charged with firing gun on Pace bus on Bishop Ford FreewayAnthony Bland is facing felony weapons charges and misdemeanor property damage charges.
Weiterlesen »