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Ford’s stock takes a hit, as expected cost of large recall of SUVs is disclosed

149d ago
Business
MarketWatch
Business strategy
Ford's stock price declined following the announcement of a substantial recall affecting nearly 700,000 SUVs. The company estimates the cost of repairing faulty fuel injectors to be approximately $600,000. This news has negatively impacted investor confidence, leading to a downturn in Ford's stock value.
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