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FORD MOTOR COMPANY (F)
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Ford delays Fiesta recall in China due to spare part issues: media

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10/06/2017 | 12:02pm CEST

BEIJING (Reuters) - Ford Motor Co has postponed a planned recall of its Fiesta ST cars in China, the world's top auto market, due to delays in the delivery of spare parts for repairs, state media Xinhua reported on Friday.

The recall, involving 435 imported cars produced from Feb. 15, 2013 to Nov. 11, 2014, will start on Nov. 20, more than two months behind schedule, it said citing the company.

The vehicles will be pulled from the market due to defects in the engine cooling system, which could lead to leaks of coolant and a risk of engine fire, it said.

While the scale of the recall is small compared with other incidents, the issue is the latest misstep in China by the No. 2 U.S. automaker.

In August, China's General Administration of Quality Supervision, Inspection and Quarantine said Ford would recall 37,734 Explorer SUVs due to steering wheel dust cover problems.

According to the Xinhua report, the company said owners should contact dealers as soon as the recall starts to have the component replaced.

(Reporting by Josephine Mason and Stella Qiu; Editing by Gopakumar Warrier)

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Financials ($)
Sales 2018 147 B
EBIT 2018 5 859 M
Net income 2018 6 221 M
Finance 2018 10 353 M
Yield 2018 6,32%
P/E ratio 2018 6,93
P/E ratio 2019 6,98
EV / Sales 2018 0,22x
EV / Sales 2019 0,22x
Capitalization 42 507 M
Chart FORD MOTOR COMPANY
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Ford Motor Company Technical Analysis Chart | F | US3453708600 | 4-Traders
Technical analysis trends FORD MOTOR COMPANY
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TrendsBearishNeutralNeutral
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Average target price 12,3 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
James P. Hackett President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Joseph R. Hinrichs Executive VP & President-Global Operation
Robert L. Shanks Chief Financial Officer & Executive Vice President
Jeff Lemmer Vice President & COO-Information Technology
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