Auto Stock Roundup: F To Recall To Fix Glitches, VWAGY To Build Electric SUVs For China
Zacks Investment Research | Apr 17, 2019 09:38PM ET
Auto giant Ford Motor Company (NYSE:F) made the announcement that it will recall 327,000 F-Series pickup trucks for the second time to fix the damage that occurred due to a previous recall in December 2018. Recalled vehicles include 2015-19 F-150 and 2017-19 Super Duty trucks in North America, equipped with engine block heaters. This recall issued by the company in North America was made to solve problems associated with engine block heater cables that could lead to fire.
German auto giant, Volkswagen (DE:VOWG_p) AG (OTC:VWAGY) disclosed its plan to build fully-electric sports utility vehicles for the China market. This latest move is in sync with the growth strategy in China. This move was also taken to compete with Tesla, Inc.’s (NASDAQ:TSLA) Model X.
(Read the previous roundup here: Original post
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