Ford And Mazda's 'Do Not Drive' Warning On Recalled Takata Air Bags: What You Need To Know
Portfolio Pulse from Nabaparna Bhattacharya
Ford Motor Company and Mazda Motor Corp. have issued urgent 'Do Not Drive' alerts for over 457,000 vehicles with unrepaired Takata airbags. The National Highway Traffic Safety Administration (NHTSA) has confirmed that defective Takata airbags have caused 27 fatalities and injured at least 400 people in the U.S. Ford has made extensive efforts to inform customers, resulting in 95% of U.S. customers addressing their recalls. The advisory affects various Ford, Lincoln, Mercury, and Mazda vehicles.
August 13, 2024 | 4:29 pm
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NEGATIVE IMPACT
Ford has issued a 'Do Not Drive' alert for vehicles with unrepaired Takata airbags, affecting 374,300 vehicles in the U.S. The company has made extensive efforts to inform customers, resulting in 95% of U.S. customers addressing their recalls.
The 'Do Not Drive' alert and the extensive recall efforts may negatively impact Ford's stock in the short term due to potential safety concerns and costs associated with the recall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Mazda has issued a 'Do Not Drive' alert for 82,893 vehicles with unrepaired Takata airbags. The advisory affects model year 2003-2015 vehicles, increasing the risk of airbag rupture in a crash.
The 'Do Not Drive' alert and the recall of older vehicles may negatively impact Mazda's stock in the short term due to safety concerns and potential costs associated with the recall.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100