Ford to Recall Up To 1.5 Million Vehicles; Shares at 2 1/2-Month Low
March 17 2023 - 5:24PM
Dow Jones News
By Sabela Ojea
Ford Motor Co. will have to recall as many as 1.5 million
vehicles from six different models due to safety concerns, the
National Highway Traffic Safety Administration said Friday.
Ford didn't immediately respond to a request for comment.
Shares fell 4.4% to $11.30, the stock's lowest closing price
since Dec. 28.
Most of the issues the federal transportation agency identified
were found at Ford's 2013-2018 Ford Fusion and Lincoln MZK
vehicles.
Dealers must replace the front brake hoses of up to 1.28 million
Fusion Ford and Lincoln MZK cars free of charge and notify their
owners of the security risks by April 17, the NHTSA said.
The overall recall could also include more than 222,000 F-150
pickup trucks from 2021 that may have issues with their windshield
wiper arms, the NHTSA said.
As a result of this, dealers will inspect and replace the wiper
arms as necessary, the NHTSA said.
The automaker will also have to recall as many as 2,700 Maverick
trailers due to an illumination problem with their taillights, and
600 F-53 and F-59 stripped chassis due to a problem with their rear
caliper bolts, the NHTSA said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 17, 2023 17:09 ET (21:09 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Ford Motor (NYSE:F)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ford Motor (NYSE:F)
Historical Stock Chart
From Jul 2023 to Jul 2024
