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Ford recalls more than half-million vehicles

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Miguel A. Rodriguez
Miguel A. Rodriguez
10 May 2021
Ford recalls 661,000 vehicles across North America, Canada, and Mexico. The announcement follows an idle in production due to chip shortage

According to documents posted by the second-largest US automaker, the National Highway Traffic Safety Administration first required the recall in April 2020 after 11 roof rail cover detachment reports. At that time, Ford considered the recall to be unnecessary because of the low likelihood of a roof rail detaching and the fact that drivers themselves could see a loose roof rail cover.

On Sunday, a Ford spokeswoman stated that the automaker is unaware of any accidents or injuries related to the loose roof rail cover.

The recall includes 620,483 vehicles in the US, 36,419 in Canada, and 4,260 in Mexico. The retention pins could loosen and allow roof rail covers to detach from the car. The recall covers the 2016 – 2019 Ford Explorer. According to the same document, the customer notification will start in the week of June 28. Dealers will install push pins and replace any damaged rail clips and roof rail covers.

At the moment of writing, Ford stock price closed the session 0.68% higher.

Read here more about Ford and GM’s chip shortage!

Sources: finance.yahoo.com, reuters.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.