Ford Faces Recall Over Engine Fire Risks, Investors Unfazed
Ford Motor Company (NYSE:F) shares dipped marginally after announcing a recall of 59,006 vehicles due to potential engine fire risks. The issue stems from faulty engine block heaters that may crack, leading to coolant leaks and electrical short circuits—a dangerous combination that could ignite fires.
Affected models include the Lincoln MKC, Ford Bronco Sport, Explorer, Fusion, and Maverick. Notably, no accidents or injuries have been reported, suggesting early detection. Dealerships are expected to handle repairs, though Ford has yet to disclose specifics.
Investors shrugged off the news, with shares declining only fractionally. The muted reaction reflects market confidence in Ford's ability to manage recalls—a recurring theme for legacy automakers navigating quality control challenges.