Ford's new recall of 850,000 costs USD 500 million  [ USA ]

Ford announced that 2014 pre-tax profit is projected at about USD 6 billion, lower than USD 7 to 8 billion of the 2014 guidance, at the investor meeting on September 29. The lower profit is due to USD 1 billion higher warranty costs in North America, USD 1 billion loss in South America and USD 1.2 billion loss in Europe caused by Russian deterioration.Ford explained its recall of 850,000 vehicl...
<Oct 02, 2014>