ford is making cars. they made a lot of suvs from 2020-2022. some of these suvs have a problem with their engines that can cause fires. so, ford has to take these suvs back to fix the problem. they also made some electric cars like the mustang mach-e, and those cars have a different problem with their windshield wipers. these wipers can stop working and make it hard for people to see while driving. so, ford has to fix those cars too. ford's stock price has gone down a lot recently because of these problems. Read from source...
The article "What's Going On With Ford Motor Stock Today?" published by Nabaparna Bhattacharya on August 16, 2024, provides an overview of Ford Motor Company's recent recall of 85,000 Explorer SUVs and 37,371 vehicles, including the Mustang Mach-E, due to fire risks from engine oil and fuel leaks near ignition sources and windshield wiper motor issues affecting visibility. The article also notes that Ford's stock price has dropped over 12% in the past year. However, some critics argue that the article lacks depth and fails to provide a comprehensive analysis of the reasons behind Ford's declining stock price and the impact of the recalls on the company's reputation and financial performance. They also point out that the article seems to be overly focused on negative news, neglecting to mention any positive developments or initiatives undertaken by Ford Motor Company. Additionally, some critics argue that the article's tone is overly pessimistic and alarmist, potentially causing unnecessary panic and confusion among readers. Overall, the article provides a somewhat balanced, albeit somewhat limited, overview of the recent developments affecting Ford Motor Company's stock and reputation.
1. Ford is recalling 85,000 Explorer SUVs due to fire risks caused by engine oil and fuel leaks near ignition sources.
2. The company recently recalled 37,371 vehicles, including the Mustang Mach-E, due to windshield wiper motor issues affecting visibility.
3. Investors can gain exposure to Ford stock via First Trust Nasdaq Transportation ETF FTXR.
4. Ford's stock has lost over 12% in the past year.
5. The recall includes SUVs from model years 2020-2022 equipped with 3.3L hybrid and gas engines.
6. The recall population also includes several 2023-2024 Ford Maverick vehicles, 2023 Ford Bronco Sport, and 2023 Mustang Mach-E SUVs.
7. Price Action: F shares are trading lower by 0.68% to $10.39 at last check Friday.
Recommendations: Consider investing in the First Trust Nasdaq Transportation ETF FTXR to gain exposure to Ford stock, while keeping an eye on the ongoing recalls and potential impact on the company's visibility and reputation.
Risks: The recalls could lead to significant financial and reputational costs for Ford, potentially affecting investor sentiment and stock performance. Additionally, the ongoing decline in Ford's stock price could indicate further risks to consider.