Ford Motor Co.’s shares slid nearly 5% in morning buying and selling Monday, following information of a $1.7 billion jury verdict involving a deadly rollover accident in one in every of its older-model heavy-duty vehicles.
A jury in Georgia on Friday reached the decision after a three-week trial, figuring out punitive damages ought to be imposed on Ford for promoting 5.2 million Tremendous Obligation vehicles that the plaintiffs’ legal professionals argued had dangerously weak roofs weak to collapsing in a rollover crash.
