Farley aims to tackle Ford's warranty costs in bid to boost profit

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Farley aims to tackle Ford's warranty costs in bid to boost profit

Filed under: Earnings/Financials,Ford,Maintenance,Ownership

Quality is once again Job One at Ford Motor Co. Taking a page from the automaker's ad slogan of the 1980s and '90s, Ford's new chief executive, Jim Farley, is aiming to rein in rising warranty repair costs that are a key reason why the Dearborn, Michigan, automaker's financial performance in North America has lagged that of its archrival, General Motors Co. As part of its new effort to cut warranty costs, Ford has told suppliers it will charge them upfront for half the cost of a warranty probl Continue reading Farley aims to tackle Ford's warranty costs in bid to boost profit Farley aims to tackle Ford's warranty costs in bid to boost profit originally appeared on Autoblog on Tue, 24 Nov 2020 08:45:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments

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