U.S. car giant Ford Motor Co. is recalling about 915 thousand cars for repeating the problems which has led to five accidents in which were injured 6 people. Among the cars that would be recalled mostly from the U.S. market are Ford Escape and Mercury Mariner 2008-2011 model years.
One of three possible problems will be repaired by the dealers. Despite such news, the market sees positive prospects for further growth of the company and the resolution of the issue with the recall of cars that has led to reducing the tension around the company's shares.
Upside potential in the medium term is about 10-12%. We expect continued of growth stocks after a minor correction.