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Stock impact report

Ford Accused of Paying $600 for $22,600 EV Battery Repairs [Yahoo! Finance]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Yahoo! Finance
Blue Oval appears to be searching for "creative" ways to rein in costs. Instead of replacing plush leather with scratchy plastics, Ford now stands accused of shortchanging its own dealerships. A new lawsuit claims two franchised dealers were left severely out of pocket after completing EV battery replacements, with a gap of roughly $20,000 per vehicle that Ford allegedly refused to cover. To make things even more awkward, Ford just confirmed that production of the fully electric F-150 Lightning will end later this year, underscoring just how quickly its EV ambitions are being reassessed. According to the lawsuit, two New York dealers, Patchogue 112 Motors and Jericho Turnpike Auto Sales, carried out multiple full battery replacements on Ford electric vehicles starting in early 2024. Each replacement reportedly costs around $22,600 once parts and labor are factored in. Ford, however, is accused of reimbursing just $600 per job in most cases. One dealership says it completed 15 batter Show less Read more
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