Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
F.US
id: 1302

Ford Motor (F) Financial Issues Case

E.D. Michigan
Court
2:24-cv-12080
Case number
04/27/2022
Class period Start
07/24/2024
Class period End
10/07/2024
Lead Plaintiff motion deadline
  • $F stockholder filed a claim against Ford Motor for hiding quality issues since 2022, which led to higher warranty costs and profit risks.
  • After the financial results on July 24, 2024, $F fell by 18%.
  • Ford Motor investors can join this case to be notified about potential recovery.
Case Details:

On July 24, 2024, Ford announced its Q2 financial results, revealing that profitability was impacted by increased warranty reserves and higher warranty costs.

As a result, Ford lowered its full-year earnings outlook for its electric vehicle segment.

Analysts noted that warranty and recall costs reached $2.3B in the second quarter, up $800M from the first quarter and $700M from the previous year.

On this news, $F fell by 18% on July 25, 2024.

Based on these events, a $F stockholder filed a claim against Ford Motor and its leaders, accusing them of the following:
  • Ford had quality assurance issues with its vehicle models since 2022, leading to increased warranty costs.
  • As a result, the warranty reserves were inaccurate, and the company's profitability was likely to decline.
Considering all the representations, investors suspect Ford hid quality issues since 2022, leading to higher warranty costs, inaccurate reserves, and profit risks.
Case Status
Lead Plaintiff Appointment
Alleged Offence
Mismanagement
Misleading Statements
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
07/25/2024
Filing date
08/08/2024
Lead Plaintiff Deadline
10/07/2024

Ford Motor Company

Ford Motor Company develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e...

    Ticker
    F.US
    ISIN
    US3453708600
    CIK
    0000037996
    Sector
    Consumer Cyclical
    Industry
    Auto Manufacturers
    Country
    USA
    Address
    One American Road, Dearborn, MI, United States, 48126