Ford To Recall Over Half A Million 2014 F-150s For Transmission Issue - What's Going On?
Portfolio Pulse from Nabaparna Bhattacharya
Ford Motor Company (NYSE:F) is recalling 552,188 of its 2014 F-150 vehicles in the U.S. due to a transmission issue that can cause an unexpected downshift into first gear, potentially leading to a loss of vehicle control. This follows several other recalls earlier this year for various issues. Ford shares are trading lower by 0.41% premarket.
June 25, 2024 | 1:13 pm
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Ford is recalling 552,188 of its 2014 F-150 vehicles in the U.S. due to a transmission issue that can cause an unexpected downshift into first gear, potentially leading to a loss of vehicle control. This follows several other recalls earlier this year for various issues.
The recall of over half a million vehicles due to a significant safety issue is likely to negatively impact Ford's stock price in the short term. This is compounded by the fact that this is not the first recall this year, which may affect investor confidence.
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