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Motor1
Motor1
Business
Anthony Alaniz

Ford's Recalls Are Costing Billions

Ford has racked up many recalls over the last few years, and the costs are weighing down its bottom line. The automaker reported its second-quarter financial results this week and revealed that recall and warranty costs hit $2.3 billion over the last three months, costing the company $25.5 million a day. That's up a whopping $800 million compared to the first quarter.

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