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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ford Motor Company | NYSE:F | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.2401 | -1.84% | 12.7999 | 13.02 | 12.61 | 12.82 | 57,226,799 | 00:59:42 |
From Apr 2019 to Apr 2024
By Chris Wack
Ford Motor Co. (F) said Wednesday that it was issuing a field-service action to correct a suspension issue in certain model year 2011 through 2017 Explorer vehicles.
The auto maker said the cost of the action, which will be incurred by its North America business unit, will be about $180 million and reflected in its second-quarter results.
Ford said that for the full year it continues to expect adjusted earnings before interest and tax to be higher than in 2018.
Ford also said a panel of three Federal Circuit judges Friday ruled against the company in a case with the U.S. Customs and Border Protection Agency regarding Ford Transit Connect vehicles.
The ruling requires Ford to pay a 25% duty applicable to cargo vehicles instead of the 2.5% duty toward passenger vehicles.
Ford said it is evaluating its options following the ruling.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 12, 2019 09:11 ET (13:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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