Todor Pichurov

Ford Motor Company (NYSE:F) Chasing After Fuel Economy, Recalling 260,000 Fiesta Vehicles

by Todor Pichurov October 18, 2012

Ford is pushing even further, with an EPA mpg equivalent of 100, comparing favorably against the Prius at 95 mpg and the Chevy Volt with a combined mpg-e of 98. On top of all that, Ford also claim their 2013 C-Max Energy can drive you over 21 miles on electricity alone. The company plans to introduce mpg-e figures of over 100 with their new Fusion Energi car.

In less pleasant news, Ford issued another recall announcement, this time pulling over 260,000 Fiesta vehicles. The recall targets a problem with passenger seat curtain airbags that may not open under certain conditions if the seat is empty. This could threaten the safety of passengers riding in the rear seats of the car. The recall will affect Fiestas in the 2011-2013 model range, constructed in Mexico between late 2009 and 2012.

All recalled vehicles are used on the territory of the Americas, the largest portion of about 150,000 in the USA. Ford reported that luckily there were no injuries caused by the faulty airbag and the issue will be fixed by adjusting the control module of the vehicles.

Ford traded in average volume yesterday and climbed up a notch, closing a percent up at $10.41 per share.

IMPORTANT FORD UPDATE: October 18th 2012 - F is making a chart pattern that has been seen 259 times since the year 2000.  61.39% of the stocks that have made this pattern went up over 6% on average in a 20 day period.  Watch the video to learn more about the probabilities of F stock moving up or down.

F Backtested Performance
                                                                                                 >>Click here to watch the video and learn more

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