Ford's 2022 Mach-E Recall Of 49,000 Units Investigated By US
Portfolio Pulse from Nabaparna Bhattacharya
The U.S. auto safety regulators are investigating Ford Motor Company's (NYSE:F) recall of nearly 49,000 Ford Mustang Mach-E electric vehicles last year to understand if the company had adequately addressed concerns. The regulators are also investigating whether the recall should be expanded to more vehicles. Ford is cooperating with the investigation.
August 21, 2023 | 2:41 pm
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Ford's recall of nearly 49,000 Mustang Mach-E vehicles is being investigated by U.S. auto safety regulators. This could potentially lead to an expansion of the recall, which may negatively impact Ford's stock in the short term.
The investigation into Ford's recall could potentially lead to an expansion of the recall, which would mean additional costs for the company. This could negatively impact the company's financial performance and, consequently, its stock price. The fact that Ford's stock price was down 0.21% on the last checked Monday could be an early indication of this negative impact.
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