Will Product Recall Impact Ford (NYSE:F) Stock?
November 25 2022 - 02:35AM
TipRanks
Ford Motor (NYSE:F) is recalling over 518,000 SUVs in the U.S. on
account of some fire incidents in two of its sport utility vehicle
(SUV) models. Given the challenging macroeconomic environment,
intense competition, and declining demand for its SUVs, the recall
will probably be a setback for the company. Also, the news might
put pressure on Ford stock, which is down more than 35%
year-to-date. Reportedly, the faulty fuel injector is said to cause
the accumulation of fuel or fuel vapor near hot surfaces, leading
to an under-hood fire.
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Ford Motor (NYSE:F)
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