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Tag Archives: Oakville Assembly
Ford Expands Power Loss Recall on Edge, Fusion, Lincoln MKZ. Issues Two More Safety Recalls in North America
Ford announced today it is issuing two safety recalls and expanding one safety defect recall in North America. On 2018 Ford F-150, Expedition and Lincoln Navigator vehicles equipped with a 3.5-liter GTDI V6 engine have high-pressure fuel pumps with misaligned welds. … Continue reading
Posted in manufacturing, recalls, safety
Tagged autoinformed.com, Edge, f-series, ford recalls, Ford Safety Recalls, fusion, Hermosillo Assembly, Ken Zino, mkz, Navigator, Oakville Assembly
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Ford EVs and Quality Damage First Half Net Income and EPS
Ford Motor (NYSE: F) posted disastrous financial results this week caused by its struggling electric vehicle business and the ongoing costs of large recalls on vehicles of its past. Ford posted Q2 2024 quarter revenue of $47.8 billion, net income of $1.8 billion and adjusted EBIT of $2.8 billion (see the accompanying results chart for Q2 and combined Q1 and Q2 numbers). Leaving aside the Ford spin on the financial results for the moment, the Dearborn based automaker is haunted by its past as well as current management practices sharing a precarious future with other once formidable global legacy automakers. Continue reading →