I remember complaining that we could not go more than a few days without a recall of some kind from legacy automaker Ford (F). And then, for a while, we saw the numbers start to drop off. But then, just when I thought there might be a stretch without a Ford recall…here comes a Ford recall. And a fairly substantial one, too. Thankfully, investors have likely grown used to the occasional recall, and sent Ford shares up fractionally in Tuesday afternoon’s trading.
The new recall relates to a set of Ford Super Duty pickups from 2023, specifically, the F-250 and F-350 pickups. These trucks were actually previously repaired as part of recall number 23V-507, reports note. The issue itself is somewhat minor, but potentially dangerous. Should the driver and front passenger doors ever get into a “low-power” condition, causing the window module to reset while the window is moving, the “anti-pinch” function that kicks in and sends the window back down automatically may not kick in.
In what may be perhaps the best news about this recall, the recall itself apparently extends to just nine pickups. Not nine thousand, or nine entire product lines, but a mere nine pickups. And then fix will also be comparatively simple, calling for a software update that will be done at a dealership at no charge.
Electrics Firing Up
Further, we also know that Ford’s electric ambitions have not done well of late. But it will not give up without a fight, and Ford is rolling out a slate of new electric vehicles in Europe. These include the Puma Gen-E compact crossover, the E-Transit Courier van, and the the E-Tourneo Courier. They will be built, noted a report from Ford itself, at the Craiova, Romania facility for purchase throughout Europe.
Ford also reached something of a milestone elsewhere, revealing that it, at last, has sent a free North American Charging Standard (NACS) adapter to every one of its electric vehicle customers that actually requested one. With this, Ford vehicles will be able to use Tesla (TSLA) Supercharger stations to recharge their vehicles, as well as the BlueOval charging stations run directly by Ford.
Is Ford Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Hold consensus rating on F stock based on four Buys, nine Holds and two Sells assigned in the past three months, as indicated by the graphic below. After a 13.08% loss in its share price over the past year, the average F price target of $10.71 per share implies 7.8% upside potential.
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