Ford Motor Co. shares had their worst drop in 4 years after a giant earnings miss that the automaker blamed on a surge in guarantee restore prices for older automobiles. Recurring high quality issues have pushed up Ford’s guarantee prices for years, however an $800 million spike within the second quarter caught buyers abruptly. Chief Monetary Officer John Lawler known as it a “one time” soar on account of quality-related points for fashions in-built 2021 and earlier. Bloomberg’s Norah Mulinda shares particulars with Alix Metal and Paul Sweeney.
——–
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
WATCH HERE: http://bit.ly/3vTiACF
Observe us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Dawn: http://bit.ly/3DWYoAN
Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Stability of Energy: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
Pay attention on Apple CarPlay and Android Auto with the Bloomberg Enterprise app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy
Go to our YouTube channels:
Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts
Bloomberg Tv: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
