We're slashing our rating on Ford after the automaker's old issues come back to haunt it

We're slashing our rating on Ford after the automaker's old issues come back to haunt it
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The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.

Bill Pugliano | Getty Images

Ford Motor on Wednesday reported a disappointing second quarter, missing earnings expectations by a wide margin as higher warranty costs ate into profits. We’re downgrading the automaker and sending its stock back to the penalty box in response to the reemergence of these quality problems.