Reuters Reported Ford Is Recalling 456,565 U.S. Vehicles Over Loss Of Drive Power From Undetected Low Battery, Citing NHTSA
Portfolio Pulse from Charles Gross
Ford is recalling 456,565 vehicles in the U.S. due to a risk of losing drive power from an undetected low battery, as reported by Reuters and citing the National Highway Traffic Safety Administration (NHTSA).
April 17, 2024 | 9:49 am
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Ford's recall of 456,565 vehicles in the U.S. for undetected low battery issues could impact consumer trust and potentially financial performance.
Recalls, especially of this magnitude, often lead to direct financial costs from the recall process itself and indirect costs from potential sales impacts and damage to brand reputation. Given the scale of this recall and its safety implications, it's likely to have a negative short-term impact on Ford's stock price.
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