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Ford To Recall About 200,000 Cars Over Brake-Pedal Issue

Benzinga2022-01-20

Ford Motor Co is recalling nearly 200,000 cars in the United States, the Associated Press reported on Wednesday.

What Happened:The recalls are related to a problem that can stop the brake lights from turning off.

The recall covers certain 2014 Ford Fusion models as well as some 2015 Mustangs and Lincoln MKZ midsize cars.

The vehicles were sold or registered in Texas, Louisiana, Mississippi, Alabama, Florida, Georgia, South Carolina, North Carolina, Virginia and Hawaii, as per the report.

What’s The Issue:The recalls are related to a rubber brake pedal part, which could disintegrate in high temperatures and humidity and keep the lights on, confusing other drivers and increasing the risk of a crash.

The report did not say if the issue has led to any injuries or incident.

What Next:Owners of the vehicles would be notified by mail starting March 3 and dealers would replace brake and clutch pedal bumpers.

Price Action:Ford shares closed 7.9% lower at $22.4 a share on Wednesday. The stock is up 3% so far this year.

Ford stock fell another 2.5% in premarket trading Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment12

  • PiggyBubbles
    ·2022-01-21
    O
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  • PiggyBubbles
    ·2022-01-21
    O
    Reply
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  • Dazhu
    ·2022-01-20
    Buy
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  • Trax
    ·2022-01-20
    GG
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  • 蒋小鱼
    ·2022-01-20
    Wah...   good luck. Surely stock will drop at least 3% 
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  • 7united
    ·2022-01-20
    Nice
    Reply
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  • Strawberry88
    ·2022-01-20
    Good opportunity to buy
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  • JCheong
    ·2022-01-20
    Good
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  • ValuInvestor
    ·2022-01-20
    Quality control folks! In the rush to driver cars to consumers $Ford(F)$cuts corners again
    Reply
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  • Jchptan
    ·2022-01-20
    Hi
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  • weijie123
    ·2022-01-20
    Tesla no.1
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  • JcJc
    ·2022-01-20
    Good 👍 
    Reply
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