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Recalls Plague Automakers: General Motors, Ford in Focus

Zacks Equity Research
Updated
SNE vs. DLB: Which Stock Is the Better Value Option?

It seems the problem of recalls is far from over for global automakers. In the last few days, auto giants such as General Motors Company GM, Ford Motor Company F and Volkswagen AG VLKAY once again faced recalls.

Reportedly, General Motors will be recalling more than 2.5 million vehicles in China. The issue stemmed from concerns over faulty airbags manufactured by Takata. This is indeed a serious blow to the U.S. automaker and it will start withdrawing faulty vehicles from next month. Ford too has reportedly come closer to recalling SUV models in the United States. Reports of leakage in exhaust fumes are responsible for this development.

Last week, German automaker Volkswagen announced that it along with its Chinese joint-venture partners will recall 4.86 million vehicles in China.  Once again, the reason was faulty air bags supplied by Takata.

The instances of recalls in China, the largest car market in the world, can prove be damaging for these automakers. At a time when these automakers are investing huge money on electric vehicles, these recalls are doing no good to them.

Currently, Volkswagen has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Both General Motors and Ford carry a Zacks Rank #3 (Hold). A better-ranked automobile stock is Toyota Motor Corporation TM, sporting a Zacks Rank #1.

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It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. 

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Ford Motor Company (F) : Free Stock Analysis Report
 
General Motors Company (GM) : Free Stock Analysis Report
 
Toyota Motor Corp Ltd Ord (TM) : Free Stock Analysis Report
 
Volkswagen AG (VLKAY) : Free Stock Analysis Report
 
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