Ford Bronco Recall Shreds Investor Confidence as Shares Drop 4% in Afternoon Trading
Detroit, MI — The National Highway Traffic Safety Administration has issued a sweeping recall for over 187,000 Ford Bronco units due to a critical powertrain defect linked to sudden power loss at highway speeds. The company’s stock sank 4% by 3:30 PM ET as analysts slashed Q4 delivery forecasts. CEO Jim Farley confirmed parts shortages will delay repairs into Q1, warning of a $300 million hit to quarterly earnings.