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Ford to spend $180 million to fix suspension issue in Explorer vehicles

Published 06/12/2019, 09:38 AM
Updated 06/12/2019, 09:40 AM
Ford to spend $180 million to fix suspension issue in Explorer vehicles

(Reuters) - Ford Motor (NYSE:F) 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.

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