Ford (NYSE: F) took a $19.5 billion write-off for its EV business.
Ford issued a recall of close to 2 million cars over problems in the vehicles' rearview cameras that increase the risk of a crash, according to the National Highway Traffic Safety Administration.
Ford is recalling 1.74 million vehicles in the U.S. as a rearview camera defect may prevent images from displaying, reducing the driver's view behind the vehicle, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday.
Ford is recalling more than 615,000 vehicles in the U.S. over two separate safety defects, according to the National Highway Traffic Safety Administration.
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F faces a wave of recalls, but Ford Pro growth and strong liquidity support its outlook and keep the stock's appeal intact.
Ford's (NYSE: F) news cycle is about as bad as it gets right now.
Ford is recalling 604,533 vehicles in the U.S. because the windshield wiper motor may fail, reducing visibility and increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday.
The carmaker said it sold a total of 149,962 vehicles in the U.S. last month, down 5.5% from the prior-year period.
Bank of America just put its name behind two of the most polarizing auto stocks on the market, and the signals point in opposite directions.
F is overhauling its EV strategy with a $30,000 next-generation model and leaner design, betting a $5 billion pivot can boost efficiency and fend off rivals.
General Motors, Ford and other established automakers risk becoming relics if they don't catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.