Ford Recalls 149K Vehicles Over Power Loss and Headlight Defects
F sits 26% above its 52-week low of $11.11.
Summary
Ford is recalling 148,663 U.S. vehicles due to loss of driver power and headlight/windshield washer function, per NHTSA. The recall involves about 149,000 vehicles in the U.S. over power loss, according to NHTSA. This adds to a series of recalls this year, including 741K vehicles in June and 430K in early June. The defect poses safety risks and could lead to regulatory scrutiny and repair costs. Watch for any stop-sale or additional model expansions.
At the time of this announcement, F was trading at $13.97 on NYSE in the Manufacturing sector, with a market capitalization of approximately $55.6B. The 52-week trading range was $11.11 to $17.78. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.