Ford recalls 2.24 million Ford Explorer SUVs over trim-retention clips
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Ford (F) recalls over 2M Explorer SUVs worldwide
January 24, 2024 3:04 PM ESTDetroit automaker, Ford (NYSE: F) announced Wednesday that the company is recalling 2.24 million Ford Explorer SUVs worldwide made between 2011-2019 due to potential issues with trim retention clips not being properly engaged.
The recall includes 1.89 million SUVs in the United States, spanning model years 2011 through 2019. The National Highway Traffic Safety Administration (NHTSA) revealed that the trim on these vehicles could detach, prompting the safety recall.
Ford has... More
Redburn starts Tesla (TSLA) and Ford (F) at Sell
January 24, 2024 2:49 PM ESTRedburn Atlantic has initiated coverage on Ford Motor (NYSE: F) and Tesla (NASDAQ: TSLA) with Sell ratings. For Ford, Redburn set a 12-month price target of $10.00, citing a review of the automaker's cost structure, which indicates minimal improvement until a more robust electric vehicle (EV) platform is developed.
We expect the group [Ford] to underperform its peers in this regard over the next two years, wrote Redburn analysts in a note.
It's worth noting that in Q4... More
