US Broadens Investigation Into Ford Engine Failures
Portfolio Pulse from Shivani Kumaresan
The National Highway Traffic Safety Administration (NHTSA) has expanded its investigation into approximately 709,000 Ford Motor Company vehicles due to severe engine failures linked to a malfunctioning valve. The probe focuses on Ford's 2021 and 2022 models, including the Bronco, Edge, Explorer, F-150, Lincoln Aviator, and Nautilus. Ford has provided evidence of 328 customer complaints, 487 warranty claims, and 809 engine exchanges related to these vehicles.
October 02, 2023 | 4:56 pm
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Ford Motor Company is under investigation by the NHTSA due to engine failures in several of its models. This could potentially harm the company's reputation and sales.
The expanded investigation into Ford's engine failures could lead to recalls, which would be costly for the company. Additionally, the negative publicity could harm Ford's reputation and potentially impact sales. The company's stock price has already dropped by 1.01%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100