Ford says has halved warranty claims in 5 years

Newswire

DETROIT, Jan 30 (Reuters) - Ford Motor Co on Friday said it had reduced warrant costs by $1.2 billion over the past two years and cut the number of such claims by nearly half since 2004. The reduced warranty claims represent a financial pay-off from Ford's improved vehicle quality, as tracked by independent experts such as Consumer Reports. The No. 2 automaker, which this week posted a record annual loss of $14.6 billion for 2008, has bet that it has the cash it needs to ride out the ...

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