Ford Issues Recall for 850,000 Vehicles
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Ford has struggled with quality for a while. Shares dipped 18.4% in late July 2024 after the company missed Wall Street’s second-quarter earnings expectations, partly because warranty expenses were up $800 million compared with the first quarter.
Ford Motor Co, has recalled 850,000 trucks, SUVs and cars due to issues with the vehicles' fuel pumps, including the popular F-150 pickup and the S550 Mustang, the company announced.
Ford’s (NYSE:F) recall of 850,000 vehicles for a fuel pump defect marks the latest in a string of recalls that have raised fresh concerns about the automaker’s quality control and brings its six-month total higher than any other automaker’s full-year tally.
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