{"id":73419,"date":"2023-10-17T00:44:15","date_gmt":"2023-10-17T04:44:15","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/ford-recalls-238364-explorers-the-stock-rises\/"},"modified":"2023-10-17T00:44:19","modified_gmt":"2023-10-17T04:44:19","slug":"ford-recalls-238364-explorers-the-stock-rises","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=73419","title":{"rendered":"Ford Recalls 238,364 Explorers. The Stock Rises."},"content":{"rendered":"
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\n Ford Motor
\n is recalling hundreds of thousands of its hot-selling Explorers. The stock is up. That\u2019s the right reaction. <\/p>\n

Recently, the National Highway Transportation Safety Administration posted a recall notice affecting 238,364 Ford (ticker: F) Explorers with model years in the 2020 to 2022 range.<\/p>\n

\n

The recall notice is dated Oct. 6, but such documents typically show up on the NHTSA website a few days after the date.<\/p>\n

The issue is a rear-axle horizontal mounting bolt that might break, causing the drive shaft to disconnect. The vehicle could roll away at that point. Ford will replace the bolt free of charge.<\/p>\n

Ford stock is up 0.4% in early trading on Monday, while the
\n S&P 500
\n and
\n Dow Jones Industrial Average
\n were up 0.5% and 0.7%, respectively. <\/p>\n

The recall isn\u2019t having much of an impact, and that\u2019s probably how it should be. Recalls happen. Major U.S. auto makers have recalled more than 16 million vehicles in the U.S. so far in 2023. What\u2019s more, the current recall was generated by complaints impacting a handful of vehicles. Complaints generate investigations which generate recalls. <\/p>\n

Most car owners, and investors, have plenty of experience with recalls. Notices are typically mailed. Oftentimes drivers don\u2019t do anything with them until they take a vehicle in for regular service. Sometimes drivers don\u2019t even realize there are recall notices outstanding until they take a car for service. <\/p>\n

Recalls are part of the process of keeping vehicles safe. They typically don\u2019t impact stocks unless there is a safety problem that sounds serious or the recall costs rise into the billions.<\/p>\n

The Explorer is Ford\u2019s second-biggest seller, accounting for 138,132 units in the U.S. this year through September. That\u2019s far behind the big dog, the F-150, of which Ford sold 573,370 in the U.S. in that time frame.<\/p>\n

Still, there is little chance the bolt will hurt Explorer\u2019s prospects.<\/p>\n

Write to Al Root at allen.root@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ford Motor is recalling hundreds of thousands of its hot-selling Explorers. The stock is up. That\u2019s the right reaction. Recently, the National Highway Transportation Safety Administration posted a recall notice affecting 238,364 Ford (ticker: F) Explorers with model years in the 2020 to 2022 range. The recall notice is dated Oct. 6, but such documents […]<\/p>\n","protected":false},"author":1,"featured_media":73420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-73419","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nFord Recalls 238,364 Explorers. The Stock Rises. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Ford Motor is recalling hundreds of thousands of its hot-selling Explorers. The stock is up. That\u2019s the right reaction. 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