Ford Earns Top J.D. Power Initial Quality Award, First Time in 16 Years
F sits 33% above its 52-week low of $10.42.
Summary
Ford Motor Co. achieved top honors for initial quality among mass market brands in the latest J.D. Power study, marking its first time leading in 16 years with a score of 152 problems per 100 vehicles. This significant improvement follows years of lagging scores, costly warranty issues, and a recent stream of negative headlines including recalls and safety investigations. The award provides a strong positive counterpoint to ongoing concerns, indicating a potential turnaround in new vehicle quality and brand perception, which could impact future sales and warranty costs.
At the time of this announcement, F was trading at $13.90 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $55.1B. The 52-week trading range was $10.42 to $17.78. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.