Ford Motor Company (NYSE:F) Announced The Launch Of A New-Warranty On Ford Motorcraft


Dallas, Texas 11/04/2013 (Financialstrend) – Ford Motor Company (NYSE:F) announced the launch of a new-warranty on Ford Motorcraft and Genuine service parts for an unlimited mileage for 24-months from the time of purchase/ installation. This Ford backing, labor coverage, clarity of terms & access to the company’s countrywide network for this coverage provides greater-value for general consumers, fleet-operators or independent repair-facilities.

Frederiek Toney, the vice-president of Ford Motor Company (NYSE:F) and president, of Ford Customer Service said that the company is dedicated to improving constantly in everything that they do. Ford Motorcraft and genuine replacement parts are all approved by the ford engineering. In the event that any part fails, the new warranties that are being provided by the company demonstrate the company’s commitment to quality, its customers and Ford’s intent to provide more peace of mind and improved ownership experience, he said.

Ford Motor Company (NYSE:F) will now also reimburse fleets & independent repair facilities up-to $150 in labor-coverage. The company continues its No Commercial Exceptions policy as its commitment to fleet-customers. In addition to this, Ford Motor Company (NYSE:F)’s part-warranty provides customers towing-reimbursement for the repairs that have been completed at any Ford / Lincoln Dealership.

Friday’s trading

In Friday’s trading, Ford Motor Company (NYSE:F) dropped by 1.29%. The opening price of the shares was $17.24, which was also the intraday high and dipped to a close of $16.89. Approximately 52.49 million shares were traded on Friday while an average volume of 37.47 million shares were traded over a 30 day period. The 52-week low of Ford Motor Company (NYSE:F) shares is $10.38 and its 52-week high is $18.02. The company has a market capitalization of $66.54 billion.

About the company

Ford Motor Company (NYSE:F) operates in the worldwide automotive industry. It operates in 2 sectors: 1- Automotive and 2- Financial Services. It manufactures / distributes automobiles in six continents.