Auto maker Ford is recalling about a quarter million vehicles to fix a bolt. These things happen.
Ford Motor is recalling hundreds of thousands of its hot-selling Explorers. The stock is up. That’s the right reaction.
The recall notice is dated Oct. 6, but such documents typically show up on the NHTSA website a few days after the date. Ford stock is up 0.4% in early trading on Monday, while the S&P 500 and Dow Jones Industrial Average were up 0.5% and 0.7%, respectively. Most car owners, and investors, have plenty of experience with recalls. Notices are typically mailed. Oftentimes drivers don’t do anything with them until they take a vehicle in for regular service. Sometimes drivers don’t even realize there are recall notices outstanding until they take a car for service.
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