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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