Ford Issues Major Recall of 1.1 Million Vehicles
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Ford filed a civil lawsuit in California against nine defendents alleging five years of improper billing that cost the company $100 million.
Ford Motor Company issued the recall on May 9, affecting Ford models like Mustang, F-150 and Bronco and Lincoln vehicles.
Shares of Ford Motor Co. F shed 1.36% to $10.17 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.56% to 5,888.55 and Dow Jones Industrial Average DJIA falling 0.58% to 42,098.70. This was the stock's seventh consecutive day of losses.
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