Ford Motor Company is announcing today a field service action to correct a driveshaft issue in certain model year 2015 through 2017 Transit vans. The cost of this action is estimated to be $142 million and will be incurred by our North America business unit. Updates, if any, to our guidance for full-year 2017 total company adjusted pre-tax profit will be provided in connection with our earnings results for the second quarter of 2017, which will be released on July 26, 2017.

About FORD MOTOR COMPANY (NYSE:F)

Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services. The Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific segments. Its Financial Services sector includes Ford Credit and Other Financial Services segments. Its vehicle brands include Ford, Ford-Lincoln and Lincoln. The Other Financial Services segment includes holding companies, real estate, and the financing of some Volvo vehicles in Europe. The Company has over 70 plants across the world. Through its wholly owned subsidiary Ford Motor Credit Company LLC (Ford Credit), it provides automotive financing products to and through automotive dealers throughout the world.