Ford Motor Company (NYSE:F) saw even bigger gains. The 1.1% decline in the company’s warranty accrual rate translated into $1.6 billion in savings. That’s roughly 30% of the Ford Motor Company (NYSE:F)’s 2012 profits.
Robert Baillieul has no position in any stocks mentioned. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford.
The article The Automakers’ Hidden Profit Source originally appeared on Fool.com and is written by Robert Baillieul.
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