NEW YORK (TheStreet) -- Shares of Ford Motor Co (F) are down 0.56% to $15.92 in early market trading Thursday, as the car maker expanded a recall of about 38,500 vehicles due to its air bag inflators made by Takata Corp. (TKTDY) , Reuters reports.
The move brings the total to 98,000 Ford vehicles being recalled for issues related to Takata air bags.
Ford will recall certain 2004 to 2005 Ford Ranger models and 2005 to 2006 Ford GTs, mostly in certain areas of the country with high humidity, Reuters added.
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According to the National Highway Traffic Safety Administration, the defective Takata air bag inflators in certain vehicles can rupture and spray metal shards.
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 good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."