NEW YORK (TheStreet) -- Ford Motor (F) shares are up 1.66% to $14.69 on Thursday, the same day that the company expanded its Takata driver's side airbag recall nationwide.
The recall has been expanded to include about 502,500 older model Mustangs, up from the initial 55,000 vehicle recall, that may be affected by the faulty airbags. Last month the U.S. Highway Traffic Safety Administration asked five automakers to expand a recall of the defective airbags beyond areas with high humidity.
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Takata, the Japanese auto parts manufacturer, said that extended exposure to humidity could cause the airbags' inflators to malfunction which could then lead to metal shrapnel being launched at car occupants when the airbags inflate.
Honda (HMC) and Mazda (MZDAY) have also expanded their recalls nationwide, with BMW and Chrysler (FCAU) not expanding recalls of their vehicles yet.
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 number of 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 attractive valuation levels, 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."