NEW YORK (TheStreet) -- Shares of Ford Motor Co. (F) are down -0.96% to $17.10 after it was reported that the automaker will recall 191,770 cars in China to replace some parts after a quality watchdog found a fuel leak risk in the Ford Focus, the country's best-selling compact sedan, Reuters reports.
Ford's Chinese venture Changan Ford Automobile Co Ltd will recall New Focus and Classic Focus sedans produced as far back as 2009, China's General Administration of Quality Supervision, Inspection and Quarantine said in a statement on its website.
The Ford Focus was the best selling model in the compact sedan segment last year with sales of 403,600 cars and remained top of the ranking in the first seven months of 2014, according to the China Association of Automobile Manufacturers.
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 a few notable strengths, 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 increase in net income, attractive valuation levels, increase in stock price during the past year, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."