Ford’s New CEO Tackles Warranty Costs in Bid to Boost Profit

Ford’s New CEO Tackles Warranty Costs in Bid to Boost Profit
Ford Motor Co. CEO Jim Farley poses next to a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Mich., on Sept. 17, 2020. Rebecca Cook/Reuters
Reuters
Updated:

DETROIT—Quality is once again Job One at Ford Motor Co.

Taking a page from the automaker’s ad slogan of the 1980s and ‘90s, Ford’s new chief executive, Jim Farley, is aiming to rein in rising warranty repair costs that are a key reason why the Dearborn, Michigan, automaker’s financial performance in North America has lagged that of its arch rival, General Motors Co.