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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 CET

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 2017 143 B
EBIT 2017 5 272 M
Net income 2017 6 970 M
Finance 2017 11 884 M
Yield 2017 5,56%
P/E ratio 2017 7,22
P/E ratio 2018 7,95
EV / Sales 2017 0,27x
EV / Sales 2018 0,27x
Capitalization 49 972 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
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 24
Average target price 12,5 $
Spread / Average Target -0,89%
EPS Revisions
Managers
NameTitle
James P. Hackett President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Robert L. Shanks Chief Financial Officer & Executive Vice President
Jeff Lemmer Vice President & COO-Information Technology
Ken Washington Chief Technology Officer
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