U.S. Opens Probe Into 346,071 Ford Escape Suvs Because Vehicle Door May Inadvertently Open While Driving
Portfolio Pulse from Charles Gross
The U.S. has opened a probe into 346,071 Ford Escape SUVs due to a potential issue where the vehicle door may inadvertently open while driving, according to Reuters.
July 11, 2023 | 11:47 am
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Ford Motor Company (F) is under investigation by U.S. authorities due to potential door malfunctions in their Escape SUVs. This could lead to recalls and reputational damage.
The investigation into Ford's Escape SUVs could potentially lead to recalls, which would result in additional costs for the company and could negatively impact its reputation. This could lead to a decrease in the company's stock price in the short term.
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