NEW YORK (TheStreet) -- Ford Motor Co. (F) has recalled 1.1 million vehicles worldwide due to what it describes as steering problems.
The recall centers around 915,000 2008-2011 year Ford Escape and Mercury Mariner models, 736,000 of which are in the U.S. The company also recalled another 195,000 2011-2013 Ford Explorers due to a defect that could cause the loss of power assist.
Ford cited a problem with the tourque sensor in the vehicles involuntarily causing a switch to manual steering that makes the vehicle difficult to steer. There have been five accidents resulting in six injuries attributed to the defect.
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TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FORD MOTOR CO (F) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."