Ford Issues Recall for 850,000 Vehicles
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Ford has struggled with quality for a while. Shares dipped 18.4% in late July 2024 after the company missed Wall Street’s second-quarter earnings expectations, partly because warranty expenses were up $800 million compared with the first quarter.
Ford checked in just below industry average in J.D. Power's 2025 Initial Quality Study. Ford's quality improvement will take time to see as new vehicles replace old models. One of the big knocks against Ford Motor Company (NYSE: F) over the past few years has been its recalls,
The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.
Ford and its philanthropic arm are donating money, and dealers will donate cars and aid to Texans impacted. Toyota and GM have plans to help, too.
Ford Motor Co. has struck a deal with a German labor union that includes protections for more than 10,000 workers at its Cologne plant and voluntary job reductions as the Dearborn automakers struggles with selling electric vehicles in Europe.
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Ford has agreed to a job protection scheme at its Cologne plant covering over 10,000 workers, with voluntary redundancies planned in response to the sluggish uptake of electric cars, the company and German employee representatives said on Friday.
GRAND RAPIDS, MI – The Gerald R. Ford International Airport will receive nearly $2.4 million through the Federal Aviation Administration’s Airport Improvement Program. The grant will support key infrastructure improvements at the airport, according to a news release from U.S. Representative Hillary Scholten’s office on July 11.
Ford’s (NYSE:F) recall of 850,000 vehicles for a fuel pump defect marks the latest in a string of recalls that have raised fresh concerns about the automaker’s quality control and brings its six-month total higher than any other automaker’s full-year tally.