Ford recalls vehicles due to fire risk
Digest more
The recall affects vehicles whose fuel injectors may crack and leak fuel inside the engine compartment, increasing the risk of a fire.
Although the remedy for the recall condition is currently under development, Ford estimates that $570 million will be spent fixing the subject vehicles
What implications does this carry for Ford and investors? The consequences are serious. Quality issues could damage consumer trust and increase warranty and recall costs. Ford stock remains down approximately 15% over the past 12 months,