Ford Recalls 422K Vehicles over Wiper Issue, Reuters Reports

Ford Motor Company (NYSE:F) is included among the 15 Blue Chip Stocks with Highest Dividends.

On April 7, Reuters reported that Ford Motor Company (NYSE:F) is recalling 422,613 vehicles in the U.S. due to a windshield wiper issue, according to the National Highway Traffic Safety Administration. The recall includes Lincoln Navigator and Ford Expedition SUVs, as well as certain F-series trucks. The agency said the windshield wiper arms may break, which could cause the wipers to fail. Dealers will inspect the vehicles and replace the wiper arms where needed.

On March 31, Wells Fargo lowered its price recommendation on Ford to $10 from $11. It reiterated an Underweight rating on the shares. The firm said Q1 trends are largely in line with expectations, so most suppliers are expected to report similar results. Still, the outlook for the full year looks weaker. Wells pointed out that most key drivers are trending down. It cited softer China LVP, added downside risk tied to the Iran conflict, and noted that FX tailwinds have eased with a stronger U.S. dollar.

Ford Motor Company (NYSE:F) develops and delivers trucks, sport utility vehicles, commercial vans, and cars under the Ford brand, along with Lincoln luxury vehicles. It also provides connected services. The company operates through four segments: Ford Blue, Ford Model e, Ford Pro, and Ford Credit.

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