Ford Motor (NYSE: F) stock traded marginally lower in intraday trading Wednesday as reports surfaced of a recall affecting 456,565 SUVs and trucks due to low battery issues causing power loss.
Ford Motor (F) has initiated a recall affecting approximately 456,565 units of certain compact SUVs and pickup trucks in the United States. The recall is prompted by concerns over a low battery issue that could lead to a loss of drive power, according to reports.
The National Highway Traffic Safety Administration (NHTSA) highlighted that the affected vehicles may experience a low battery charge, which could result in the malfunctioning of electrical accessories such as hazard lights or, in more severe cases, a loss of drive power. Reuters reported the details of the recall, underscoring the potential safety risks associated with the identified issue.
The recall includes Bronco Sport SUVs manufactured from 2022 to 2024 including Maverick compact pickup trucks produced from 2022 to 2023.
To address the issue, Ford dealers will recalibrate the body control and powertrain control modules at no cost to customers, according to the NHTSA.
This latest recall adds to recent safety-related challenges faced by Ford, as the NHTSA recently initiated an investigation into a separate recall involving 42,652 Ford SUVs. The investigation focuses on potential fuel leak risks that could increase the likelihood of fires.
Ford Motor (NYSE: F) Stock Movement
At the time of publication, Ford stock trades at $12.04, reflecting a decrease of -0.41% compared to the previous trading session. Traders have exchanged 43,646,584 (43.64 million) shares, lower than the average daily trading volume of 54.38 million.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
