Ford recalls more than 850,000 vehicles in U.S
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Ford is recalling over 850,000 vehicles due to a potential low-pressure fuel pump failure, according to the National Highway Traffic Safety Administration, NHTSA.
Ford issues recall after, seemingly chasing a record. It turns out it achieved it in 2024, after having issued no fewer than 88 recalls
Dearborn, Michigan-based Ford has issued 89 recalls with the NHTSA so far this year, impacting more than 5 million vehicles, according to the federal agency's recall records. That's more safety recalls within six months than any automaker has issued in a year, according to the Wall Street Journal.
Ford (NYSE: F) has made a name for itself as the recall leader of the car industry. Its warranty financial troubles also trigger huge hits to its earnings. A new recall includes over 850,000 vehicles which have a risk of a fuel pump failure.
Ford has struggled with quality for a while. Shares dipped 18.4% in late July 2024 after the company missed Wall Street’s second-quarter earnings expectations, partly because warranty expenses were up $800 million compared with the first quarter.