Ford’s stock price dropped as the company revealed it will spend nearly $600 million to repair fuel injectors in thousands of its vehicles. The recall affects up to 700,000 SUVs from the Bronco Sport, Escape, and Kuga models made between 2021 and 2024, and 2020 to 2022 for the Escape, and 2019 to 2024 for the Kuga. Ford’s shares fell on Wednesday after making the announcement.
Source: https://www.marketwatch.com/story/fords-stock-takes-a-hit-as-expected-cost-of-large-recall-of-suvs-is-disclosed-9c07a0aa