June 12, 2019
(Reuters) – Ford Motor Co said on Wednesday its North American unit will spend $180 million to correct a suspension issue in Explorer vehicles.
The suspension issue is in certain Explorer models made from 2011 through 2017, the automaker said in regulatory filing https://www.sec.gov/Archives/edgar/data/37996/000003799619000052/explorerfsa.htm
The expense will be reflected in the company’s second-quarter 2019 results, Ford said.
For the full year, the company said it continues to expect adjusted EBIT to be higher than in 2018, it added.
(Reporting by Rachit Vats in Bengaluru; Editing by Shailesh Kuber)