Under-Hood Fires Prompt Ford to Recall 142,000 Lincoln MKC SUVs
Portfolio Pulse from Nabaparna Bhattacharya
Ford Motor (NYSE:F) plans to recall 142,000 Lincoln MKC SUVs in the United States due to fire risks. The issue is believed to originate near the 12-volt batteries, and Ford is aware of 19 potentially related reports of under-hood fires.
June 01, 2023 | 1:33 pm
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Ford recalls 142,000 Lincoln MKC SUVs in the US due to fire risks, with shares trading higher by 1% in premarket.
Ford is recalling 142,000 Lincoln MKC SUVs due to fire risks, which could potentially harm the company's reputation and sales. However, the stock is trading higher by 1% in premarket, indicating that the market has not reacted negatively to the news. The impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100