NEW YORK (TheStreet) -- Ford Motor Co. (F) is cooperating with the National Highway Traffic Safety Administration as the agency looks into safety concerns regarding the door latches on 205,000 Ford Fiesta cars, Reuters reports.
The investigation into the 61 complaints relating to 2011 to 2013 model year Fiestas is in the preliminary stages, but motorists reported that the doors on the car did not properly latch, resulting in the "door ajar" warning light appearing on the dashboard, and in 12 cases the door swung open after it was closed, Reuters added.
One injury was reported. The National Highway Traffic Safety Administration's investigation could result in a recall if the safety regulator determines Ford needs to address a safety issue, Reuters noted.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Shares of Ford are down 0.60% to $16.49 on Monday afternoon.
Separately, 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 multiple 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, 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."