Ford Motor Co. shares had their worst drop in four years after a big earnings miss that the automaker blamed on a surge in warranty repair costs for older vehicles. Recurring quality problems have driven up Ford’s warranty costs for years, but an $800 million spike in the second quarter caught investors by surprise. Chief Financial Officer John Lawler called it a “one time” jump due to quality-related issues for models built in 2021 and earlier. Bloomberg’s Norah Mulinda shares details with Alix Steel and Paul Sweeney.
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