Ford is spending around four to Five billion dollars on warranty claims
The Ford 'self-inflicted' recalls and warranty costs put the automaker at competitive disadvantage.
“Ford CEO Jim Farley has said again and again that reducing how much the Ford spends on recall and warranty work is vital for the iconic automaker, which has along history of what industry analysts call self-inflicted wounds.”
It is essential that Ford, like all automakers, to focus its dollars on developing new products to compete in a rapidly-evolving industry that is transitioning to EV (Electric vehicles), instead of having lots of vehicle recalls and fixing manufacture mistakes.
"Warranty recalls are the No. 1 problem at Ford right now. Ford is the worst in the industry when it comes to recalls and warranty work," said John McElroy, a longtime industry observer. He said that "It’s been going on for years and they haven’t solved it yet."
Major Ford Safety Recalls
Federal safety regulators opened an investigation into the 2021 Ford Bronco for "catastrophic" engine failure while driving after 32 reported experiences from customers.
Owners of the 2021 Ford Expedition and 2021 Lincoln Navigator filed a lawsuit against Ford because their vehicles have been recalled for a defect that may result in spontaneous combustion and the company has not identified a solution yet.
Ford notified regulators that the four-door 2021-22 Ford Bronco may have a defective child safety lock on the passenger side of the back seat, allowing young children to open the door from inside despite indicating otherwise.
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