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Ford's 2016 Recalls Under Federal Safety Officials Scrutiny
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The National Highway Traffic Safety Administration, is examining if Ford Motor Company’s (F - Free Report) recall cases can be extended to include additional vehicles. This has posed a challenge for the U.S. auto giant.
Notably, in 2016, Ford recalled 153,000 vehicles because it feared that drivers could lose control of the vehicle due to unexpected shift of the automatic transmissions into first gear. The recalls included F-150 pickups, Ford Expedition and Lincoln Navigator SUVs and Ford Mustang sports cars between 2011 and 2012 model years.
Currently, the Federal safety officials are investigating if Ford should have included more than a million additional vehicles, including F-150s, Navigators and Expeditions from the 2011, 2012 and 2013 model years.
In December 2017, Ford announced that it is in process of issuing two safety recalls and two safety compliance recalls in North America. In October 2017, the company announced that it would recall 1.34 million units of 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches in the trucks (read more: Ford to Issue Safety & Compliance Recalls in North America).
In the last three months, shares of Ford have outperformed the industry it belongs to. The stock rose 1.3% compared with the industry’s loss of 4.7% during the period.
A few better-ranked automobile stocks in the same space are Continental AG (CTTAY - Free Report) , Allison Transmission Holdings, Inc. (ALSN - Free Report) and BorgWarner Inc. (BWA - Free Report) , each carrying a Zacks Rank #2 (Buy).
Continental AG has a long-term growth rate of 8.6%. The company’s shares have gained 37.2% in the past one year.
Allison Transmission has a long-term growth rate of 10%. The company’s shares have gained 27.2% in the past one year.
BorgWarner has a long-term growth rate of 8.6%. The company’s shares have gained 27.5% in the past one year.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Image: Bigstock
Ford's 2016 Recalls Under Federal Safety Officials Scrutiny
The National Highway Traffic Safety Administration, is examining if Ford Motor Company’s (F - Free Report) recall cases can be extended to include additional vehicles. This has posed a challenge for the U.S. auto giant.
Notably, in 2016, Ford recalled 153,000 vehicles because it feared that drivers could lose control of the vehicle due to unexpected shift of the automatic transmissions into first gear. The recalls included F-150 pickups, Ford Expedition and Lincoln Navigator SUVs and Ford Mustang sports cars between 2011 and 2012 model years.
Currently, the Federal safety officials are investigating if Ford should have included more than a million additional vehicles, including F-150s, Navigators and Expeditions from the 2011, 2012 and 2013 model years.
In December 2017, Ford announced that it is in process of issuing two safety recalls and two safety compliance recalls in North America. In October 2017, the company announced that it would recall 1.34 million units of 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches in the trucks (read more: Ford to Issue Safety & Compliance Recalls in North America).
In the last three months, shares of Ford have outperformed the industry it belongs to. The stock rose 1.3% compared with the industry’s loss of 4.7% during the period.
Ford currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
A few better-ranked automobile stocks in the same space are Continental AG (CTTAY - Free Report) , Allison Transmission Holdings, Inc. (ALSN - Free Report) and BorgWarner Inc. (BWA - Free Report) , each carrying a Zacks Rank #2 (Buy).
Continental AG has a long-term growth rate of 8.6%. The company’s shares have gained 37.2% in the past one year.
Allison Transmission has a long-term growth rate of 10%. The company’s shares have gained 27.2% in the past one year.
BorgWarner has a long-term growth rate of 8.6%. The company’s shares have gained 27.5% in the past one year.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
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