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1.7 Billion Reasons Why Ford Stock Dropped Monday

TheMotleyFool

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1.7 Billion Reasons Why Ford Stock Dropped Monday: https://g.foolcdn.com/editorial/images/697477/ford_2022_super_duty_limited_02.jpg

Ford Motor Company (NYSE: F) shares are reacting to a legal decision from Friday that highlights the company's quality struggles. The stock dropped 6% at the market open Monday, and were still down 5.9% as of 10:33 a.m. ET.

On Friday, a Georgia jury awarded $1.7 billion in compensation to the family of a couple killed in a 2014 accident involving a Ford F-250 pickup truck. Barron's reported the verdict is the largest award in the state's history. The family of the victims claimed Ford was at fault after the roof collapsed on the occupants in a rollover accident. Ford plans to appeal the verdict, according to the report.

Source Fool.com

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