Ford Recalls Over 125,000 Hybrid EVs On Fire Risks; Remedy To Be Available By Q4
Portfolio Pulse from Anan Ashraf
Ford Motor Co is recalling over 125,000 hybrid electric vehicles due to an increased risk of fire. The affected vehicles include certain 2020-2023 Escape, 2022-2023 Maverick, and 2021-2023 Corsair models. Ford expects a remedy to be available by Q4.
June 06, 2023 | 10:04 am
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Ford recalls over 125,000 hybrid EVs due to fire risk, with a remedy expected by Q4. This may affect the company's reputation and sales in the short term.
The recall of over 125,000 hybrid electric vehicles due to fire risk may negatively impact Ford's reputation and sales in the short term. Customers may be hesitant to purchase Ford vehicles until the issue is resolved, and the company may face additional costs related to the recall and remedy.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100