“They’ve got to get past the new model launch costs that could be an overhang for most of 2020. Since issuing a disappointing profit forecast in July, Ford shares had fallen about 13% through Monday’s close. “That’s a reflection of continuation of higher warranty costs than we experienced, particularly in the back half of last year,” as well as lower vehicle volumes, Stone said. “The warranty costs that we are seeing primarily relate to vehicles which were designed several years ago. Ford’s lending arm has been a bright spot, contributing about $3 billion to the automaker last year, up from $2.7 billion in 2018.

Source: Los Angeles Times February 04, 2020 23:26 UTC