Ford, recalls and fuel pump
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Ford Motor stock fell Friday, and one thing weighing on investor sentiment is quality.Shares of the auto maker lost 1.1%, closing at $11.78. The S&P 500 and Dow Jones Industrial Average fell 0.3% and 0.
The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.
For mass-market brands, Nissan might have shocked a few investors in ranking highest, or scoring lowest, at 169 PP100. Hyundai and Chevrolet (part of General Motors) rounded out the top three for mass-market brands with scores of 173 PP100 and 178 PP100, respectively.
Ford’s (NYSE:F) recall of 850,000 vehicles for a fuel pump defect marks the latest in a string of recalls that have raised fresh concerns about the automaker’s quality control and brings its six-month total higher than any other automaker’s full-year tally.
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in an effort to expand its North American sales.
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