Reported 30 days ago
As Ford prepares to release its third quarter earnings, industry experts highlight that the primary concern is not sluggish electric vehicle demand, but rather significant quality control issues. CEO Jim Farley faces mounting pressure to manage warranty and recall costs, which reached approximately $4.8 billion in 2022 and are projected to remain high in 2023. Despite these challenges, Ford's fleet and commercial divisions show promise, particularly with new models like the Ford Ranger and refreshed Ford Explorer contributing positively to their line-up.
Source: YAHOO