Ford reported weaker-than-expected earnings on Thursday as warranty costs ate into profits. It also pulled its full-year outlook to deal the fallout from the work stoppage by the United Auto Workers union, which reached a tentative deal with the carmaker on Thursday. Automotive revenue rose about 11% year over year, to $41.18 billion, topping analysts' forecasts of $41.22 billion, according to estimates compiled by LSEG.
James Farley, president and chief executive officer of Ford Motor Co., speaks during a launch event for the 2022 Ford F-150 Lightning all-electric truck at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S., on Tuesday, April 26, 2022. reported weaker-than-expected earnings on Thursday as warranty costs ate into profits.