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Ford Recalls 90K Vehicles Over a Defect in Engine Intake Valve
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Ford Motor Company (F - Free Report) is recalling 90,736 vehicles across several models due to issues with the engine intake valves, which could potentially break during driving, increasing the risk of a crash.
The recall affects the Ford Bronco, Ford Edge, Ford Explorer, Ford F-150, Lincoln Aviator and Lincoln Nautilus, each from model year 2021-2022. These models feature a 2.7-liter or 3-liter Nano EcoBoost Engine. No injuries or accidents related to the issue have been reported so far.
Ford informed the National Highway Traffic Safety Administration (NHTSA) of the recall on Aug. 23, 2024. Dealers will be notified by the end of this month, and customers will receive notification by mail in early October. Dealers will inspect the affected vehicles and, if needed, replace the engines at no cost to the owners. Ford will offer owners delivery, pick-up and rental services while their vehicles are being repaired.
Owners who have covered the cost of these repairs themselves might be eligible for reimbursement, as outlined in the recall reimbursement plan filed with the NHTSA.
Last month, Ford recalled 374,290 vehicles due to faulty airbags that hadn't been repaired, urging owners not to drive these models until the issue is resolved. The advisory applied to all Ford customers with 2004-2006 Ford Ranger trucks, 2005-2014 Ford Mustangs, 2005-2006 Ford GTs, 2006-2012 Ford Fusion, Mercury Milan, Lincoln MKZ/Zephyr models, 2007-2010 Ford Edge, Lincoln MKX vehicles and 2007-2011 Ford Ranger trucks.
The consensus estimate for DORM’s 2024 sales and earnings suggests year-over-year growth of 3.71% and 35.46%, respectively. EPS estimates for 2024 and 2025 have improved 20 cents and 22 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for BLBD’s 2024 sales and earnings suggests year-over-year growth of 17.58% and 215.89%, respectively. EPS estimates for 2024 and 2025 have improved 65 cents and 80 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for PLOW’s 2024 earnings suggests year-over-year growth of 60.4%. EPS estimates for 2024 have improved 15 cents in the past 60 days.
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Ford Recalls 90K Vehicles Over a Defect in Engine Intake Valve
Ford Motor Company (F - Free Report) is recalling 90,736 vehicles across several models due to issues with the engine intake valves, which could potentially break during driving, increasing the risk of a crash.
The recall affects the Ford Bronco, Ford Edge, Ford Explorer, Ford F-150, Lincoln Aviator and Lincoln Nautilus, each from model year 2021-2022. These models feature a 2.7-liter or 3-liter Nano EcoBoost Engine. No injuries or accidents related to the issue have been reported so far.
Ford informed the National Highway Traffic Safety Administration (NHTSA) of the recall on Aug. 23, 2024. Dealers will be notified by the end of this month, and customers will receive notification by mail in early October. Dealers will inspect the affected vehicles and, if needed, replace the engines at no cost to the owners. Ford will offer owners delivery, pick-up and rental services while their vehicles are being repaired.
Owners who have covered the cost of these repairs themselves might be eligible for reimbursement, as outlined in the recall reimbursement plan filed with the NHTSA.
Last month, Ford recalled 374,290 vehicles due to faulty airbags that hadn't been repaired, urging owners not to drive these models until the issue is resolved. The advisory applied to all Ford customers with 2004-2006 Ford Ranger trucks, 2005-2014 Ford Mustangs, 2005-2006 Ford GTs, 2006-2012 Ford Fusion, Mercury Milan, Lincoln MKZ/Zephyr models, 2007-2010 Ford Edge, Lincoln MKX vehicles and 2007-2011 Ford Ranger trucks.
Zacks Rank & Key Picks
F currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Dorman Products, Inc. (DORM - Free Report) , Blue Bird Corporation (BLBD - Free Report) and Douglas Dynamics, Inc. (PLOW - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for DORM’s 2024 sales and earnings suggests year-over-year growth of 3.71% and 35.46%, respectively. EPS estimates for 2024 and 2025 have improved 20 cents and 22 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for BLBD’s 2024 sales and earnings suggests year-over-year growth of 17.58% and 215.89%, respectively. EPS estimates for 2024 and 2025 have improved 65 cents and 80 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for PLOW’s 2024 earnings suggests year-over-year growth of 60.4%. EPS estimates for 2024 have improved 15 cents in the past 60 days.