Fords Stock is Tumbling Today -- Heres Why [glrlMdVi5mD]
Ford Motor Co. shares had their worst drop in four 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. Chief Financial Officer John Lawler called it a “one time” jump due to quality-related issues for models built in 2021 and earlier. Bloomberg's Norah Mulinda shares details with Alix Steel and Paul Sweeney. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: Follow us on X: Subscribe to our Podcasts: Bloomberg Daybreak: Bloomberg Surveillance: Bloomberg Intelligence: Balance of Power: Bloomberg Businessweek: Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: Android Auto: Visit our YouTube channels: Bloomberg Podcasts: Bloomberg Television: Bloomberg Originals: Quicktake: