Stubborn warranty costs push down Ford's 2Q net profits
Ford Motor Co.’s second-quarter net income fell 4.7 per cent from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs.
The Dearborn, Michigan, automaker said Wednesday it made $1.83 billion from April through June.
Excluding one-time items, Ford made 47 cents per share, far below analysts' estimates of 68 cents.
The profit drop caused a stock sell off.
Ford shares plunged more than 11 per cent in after-hours trading Wednesday.
The automaker reported $47.8 billion in revenue for the quarter, a 6.3 per cent increase over the $44.95 billion in the second quarter of 2023.
CTVNews.ca Top Stories
They were due to leave for their dream cruise in May. Three months on they’re still stuck at the departure port
It was the years-long cruise that was supposed to set sail, but saw its departure postponed… postponed… and postponed again.
Ontario's first domestic case of human rabies since 1967 confirmed in Brant County
An Ontario resident remains in hospital after testing positive for rabies.
How to get a whole city to stop lawn watering? Experts say praise over punishment
For almost two weeks, a city of 1.6 million people has been told once again to stop watering lawns, take three-minute showers, hold off on laundry and dishes, and let the yellow in their toilets mellow.
4-year-old drowns in backyard pool on Montreal's South Shore
The lifeless body of a child was discovered in a residential swimming pool in Longueuil, on Montreal's South Shore, late on Friday afternoon.
Trudeau insists he's staying on as Liberal leader. But what if he changes his mind?
The Liberal caucus is set to meet in Nanaimo, B.C., next week for a retreat ahead of the fall parliamentary sitting. Prime Minister Justin Trudeau insists he will lead his party into the next election despite polls citing his unpopularity among Canadians. Here's a look at what would happen if he decided to call it quits.
Ridley Scott rebuilds Rome for 'Gladiator II'
Scott, Hollywood's perpetual rolling stone even at age 86, may be preparing to unveil 'Gladiator II,' one of his biggest epics yet, but at the moment he's got the Bee Gees on the brain. Scott is developing a biopic on the Gibb brothers. On a recent Zoom call from his office in Los Angeles, he was surrounded by meticulously plotted storyboards.
Two astronauts are left behind in space as Boeing's troubled capsule returns to Earth empty
Boeing's first astronaut mission ended Friday night with an empty capsule landing and two test pilots still in space, left behind until next year because NASA judged their return too risky.
Despite union protest, new hybrid work rules for federal employees kick in Monday
Public service unions will start the week with an early-morning rally opposing the policy. But despite the unions' 'summer of discontent' and an ongoing court challenge, the new rules will still kick in on Sept. 9.
Georgia school shooting suspect was troubled by a broken family, taunting at school, his father said
Both Colt, 14, and Colin Gray, 54, are charged in the killings of two students and two teachers Wednesday at Apalachee High School in Barrow County, outside Atlanta.
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Kitchener
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Video shows physical interaction involving a police officer in Hanover, Ont.
Hanover’s police chief is responding to community concerns about a recent arrest at a Hanover school.
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Waterloo, Ont. tech company blacklisted by U.S. Commerce Department over surveillance, spyware allegations
A Waterloo, Ont. tech company is in hot water for allegedly providing technology that can be used for mass surveillance and censorship.
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Ontario's first domestic case of human rabies since 1967 confirmed in Brant County
An Ontario resident remains in hospital after testing positive for rabies.
London
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Trial against former Woodstock mayor, Trevor Birtch, continues
The trial of former Woodstock mayor, Trevor Birtch, continued on Friday.
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Jacob Julien scores late to give London Knights preseason win, play again Saturday afternoon
Jacob Julien sent the crowd at Budweiser Gardens home with a smile after scoring the game winning goal with just 14 seconds left in regulation Friday night.
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Dalewood Road in St. Thomas closed following collision
OPP West Region is reporting on X that Dalewood Road in St. Thomas is closed following a vehicle collision.
Barrie
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Barrie police investigate collision involving pedestrian and 2 motorcycles
Police in Barrie are investigating a collision involving a pedestrian and two motorcycles on Thursday night.
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Driver flees after hitting tow truck operator in Springwater: OPP
Provincial police are hoping to identify the driver of an SUV that allegedly struck a tow truck operator as he worked on the side of the road in Springwater Township and took off.
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Vulnerable group camping in Barrie park in limbo as City’s eviction deadline passes
Tensions remain high on Friday at a park in Barrie after the City issued a three-day eviction to a group of people using the area as a campground earlier this week.
Northern Ontario
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Sudbury OPP officer pleads guilty to stealing evidence during moose hunt investigation
A veteran staff sergeant with the Ontario Provincial Police in Sudbury has been sentenced for stealing two items from a First Nations man and hiding what he did while his fellow officers searched for them.
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Person hospitalized for Ontario's first human case of rabies since 1967
Ontario is reporting the first human case of rabies contracted in the province in more than half a century.
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Average of one impaired-related charge per day in Sudbury
Greater Sudbury Police Service say nine drivers were charged with impaired-related offences over the Labour Day long weekend.
Sault Ste. Marie
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After nearly running out, Sault foodbank receives a tonne of pasta from the community
A pasta shortage in Sault Ste. Marie is almost never the case, but for one local food bank, the common carb was a rare sight just a few weeks ago.
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Sault suspect accused of posing as a teacher, threatened child to send intimate images
A 41-year-old resident of the Sault is accused of posing as a teacher from Wasaga Beach and threatening a child from a nearby community into sending intimate images of themselves.
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Fentanyl with a street value of $400K seized in northwestern Ont.
Two suspects from southern Ontario have been charged after police in Kenora, Ont., made a major drug bust on Labour Day.
Ottawa
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City of Ottawa staff begin educating residents on new 3-item garbage limit. Here's what you need to know
Starting September 30, all Ottawa households will be limited to three items of curbside waste every two weeks. Environmental Education Assistants (EEAs) will be visiting homes across the city in September, October and November to provide information about the new garbage limit and answer any questions.
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Frustration for some federal public servants and executives mandated back to the office
Starting Monday, federal employees will be required to be in the office three days a week, instead of the current two, and that means another day dealing with a commute that some say has gotten worse.
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Ottawa mother with son living with autism denied thousands of dollars in claims
An Ottawa mother says it’s been a nightmare dealing with her insurance company after she was denied tens of thousands of dollars worth of claims for her autistic son’s therapies.
Toronto
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Hit-and-run in Whitby leaves 1 woman seriously injured: police
A woman is in hospital in serious condition after she was struck in a hit-and-run in Whitby early Saturday morning.
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Drug checking in Toronto could be significantly impacted by closure of supervised consumption sites
Ontario’s plan to shut down six supervised consumption sites in Toronto may significantly impact one local organization’s ability to verify and analyze the city’s unregulated drug supply.
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2 people critically injured in rollover on Highway 401 in Mississauga: paramedics
Two people have been critically injured in a vehicle rollover on Highway 401 in Mississauga, Peel paramedics say.
Montreal
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Former NHLer and addict Brandon Reid's new goal is to help other beat addiction
Brandon Reid was a promising NHLer for the Vancouver Canucks, but his struggles with addiction almost killed him. He now trains other addicts as they fight to stay sober.
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4-year-old drowns in backyard pool on Montreal's South Shore
The lifeless body of a child was discovered in a residential swimming pool in Longueuil, on Montreal's South Shore, late on Friday afternoon.
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Montreal man given $664 fine for tying dog to parking meter while grabbing a croissant
A Montreal man who tied his dog to a parking meter while he entered a bakery is now facing a hefty fine for breaking a law he had no idea existed.
Winnipeg
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Assembly of Manitoba Chiefs Grand Chief Cathy Merrick dies after collapsing outside Winnipeg courthouse
The Grand Chief of the Assembly of Manitoba Chiefs has died after collapsing outside of the Manitoba courthouse Friday afternoon, according to multiple sources.
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Manitoba jail guard acquitted of all charges in death of Indigenous inmate
A Manitoba judge acquitted a provincial corrections officer of all charges in the death of an Indigenous inmate following a violent stand-off in the jail more than three years ago.
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A new way to get lost: How Manitoba's corn mazes are created
Corn maze season has officially begun throughout Manitoba – a sign that fall is just around the corner.
Edmonton
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Charges laid after motorcyclist posts video of dangerous driving on social media
A motorcyclist is facing multiple charges of driving dangerously after he posted social media videos of himself breaking the law.
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They were due to leave for their dream cruise in May. Three months on they’re still stuck at the departure port
It was the years-long cruise that was supposed to set sail, but saw its departure postponed… postponed… and postponed again.
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How to get a whole city to stop lawn watering? Experts say praise over punishment
For almost two weeks, a city of 1.6 million people has been told once again to stop watering lawns, take three-minute showers, hold off on laundry and dishes, and let the yellow in their toilets mellow.
Calgary
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How to get a whole city to stop lawn watering? Experts say praise over punishment
For almost two weeks, a city of 1.6 million people has been told once again to stop watering lawns, take three-minute showers, hold off on laundry and dishes, and let the yellow in their toilets mellow.
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1 man injured in multi-vehicle collision in Cochrane area
One man was injured in a multi-vehicle collision that took place in the Cochrane area early Friday evening.
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Calgary mayor meets with province over Green Line, Feds 'surprised' by funding changes
Calgary Mayor Jyoti Gondek met with representatives from the Alberta government Friday, just days after councillors voted to start the process to 'wind down' the $6.2 billion Green Line and transfer the cost and risk to the provincial government.
Regina
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Regina police officers injured after apparent impaired driver collides with vehicle during traffic stop
Two Regina police officers were hurt early Friday morning when a vehicle being driven by an apparent impaired driver rear-ended their patrol unit during a traffic stop.
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What winter in Sask. and rest of prairies could look like this year
The start of September marked meteorological fall and Sept. 22 at 6:43 a.m. will mark the 2024 fall equinox. That has winter on the minds of many even though hot weather is still in the forecast.
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Pelletier sets school record in Rams win over Huskies
The University of Regina Rams beat the University of Saskatchewan Huskies 33-28 on Friday night at Mosaic Stadium to improve to 2-0 on the young Canada West season.
Vancouver
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Suspect accused of random attacks in Vancouver had a history of court-ordered psychiatric care
Brendan Colin McBride, the man accused of killing one man and assaulting another in downtown Vancouver Wednesday, was identified by the courts as requiring counselling and forensic psychiatric services as part of a probation order in 2022.
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Jury deliberations underway in trial of man accused of killing innocent teen during B.C. gang shooting
The fate of the man accused of fatally shooting a rival gang member and an innocent teen passerby in 2018 now lies in the hands of a B.C. Supreme Court jury.
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Intruder breaks into Richmond daycare
It was a parent’s worst nightmare early Friday morning at a Richmond daycare, when an intruder broke into the centre.
Vancouver Island
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B.C. senior responds to vandalism with creative kindness
Roger Barker was looking forward to exchanging a book at one of the Little Free Libraries that had been erected in his neighbourhood, until he found it vandalized.
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Major crime unit called for suspicious death in Lake Cowichan, B.C.
Major crime investigators on Vancouver Island have been deployed to assist in a suspected homicide case.
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Victim of Vancouver stranger attacks had surgery to reattach severed hand: police
The surviving victim of a pair of stranger attacks in downtown Vancouver on Wednesday has undergone surgery to reattach his hand after it was severed in the assault, according to police.
Atlantic
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Woman taken to hospital after collision with Halifax Transit Bus
Halifax Regional Police is investigating following a collision between a Metro Transit bus and a vehicle driven by a 31-year-old woman on the Bedford Highway Friday evening.
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Rainfall warnings, special weather statements in effect across the Maritimes Saturday
A series of rainfall warnings and special weather statements are in effect across the Maritimes as a low-pressure system brings heavy rain and gusty winds to the region.
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Nova Scotia RCMP to apologize to Black community over street checks
The commander of the RCMP in Nova Scotia will apologize to the province's Black community today for the Mounties' historic use of street checks.
N.L.
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Dispute over unrecognized Inuit group halts major conference for Canadian North
A 16-year-old biennial event aimed at fostering business in the country's eastern Arctic and northern regions has been cancelled indefinitely as a dispute unfolds between Inuit in Canada and a Labrador group claiming to share their heritage.
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Cow cuddling: Why a Newfoundland farm is offering quality time with these 'gentle creatures'
Jim Lester’s farm hopped on the cow-cuddling trend in early August, and his time slots have been pretty well sold out ever since.
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Newly reinstated Newfoundland cod fishery temporarily paused as landings hit limit
The federal government has temporarily paused parts of the newly reinstated commercial northern cod fishery off the east coast of Newfoundland as landings approach the seasonal limit.
