FORD MOTOR COMPANY (NYSE:F) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
Ford Motor Company is announcing today a field service action to correct a door latch issue in certain model year 2015 through 2017 F-150 trucks and certain model year 2017 F-250 trucks. The cost of the action, which will be incurred by our North America business unit, is estimated to be $267 million. The expense will be reflected in our fourth quarter 2017 results. Our guidance for full-year 2017 adjusted earnings per share continues to be in the range of $1.65 to $1.85. Please see our Quarterly Report on Form 10-Q for the period ended June 30, 2017 for additional information concerning our guidance, and the attached risk factors for a list of items that could cause our actual results to be different than our guidance.
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.