New York, June 3, 2026, 06:05 (EDT)
- Ford dropped 2.89% to finish Tuesday at $16.15. The S&P 500 and Dow both gained that day.
- Ford is recalling 419,967 Expedition and Lincoln Navigator SUVs because of a seat-belt problem, U.S. regulators said.
- CFO Sherry House is scheduled to speak at 8:50 a.m. ET at the UBS Auto and Auto Tech Conference in New York.
Ford Motor (F) heads into Wednesday’s premarket with a new recall hanging over it. U.S. regulators said the company will recall almost 420,000 vehicles. That news lands right after the stock slid 2.89% to close at $16.15 on Tuesday, erasing some gains from its late-May rally.
Ford dropped fast after a solid run. The stock snapped its eight-day win streak on Monday, closing down 4.64%, and lost more ground Tuesday while the wider market stayed steady. Premarket volume was light early.
Ford (F) is recalling some 2018-2022 Expedition and Lincoln Navigator SUVs after the National Highway Traffic Safety Administration flagged an issue with seat-belt pretensioners. Those parts can lock up and stop the belts from moving during a crash. Dealers are set to check the belt retractors and swap them out if needed at no cost.
The notice gave no cost estimate. Investors now have to decide if the recall looks like routine service or just shows that warranty and quality costs are still weighing on Ford.
Autos had a mixed session Tuesday. General Motors slid 1.15% to $81.73, Ford lost 2.89%, and Tesla gained 1.89%. The S&P 500 rose 0.13% and the Dow added 0.45%.
Ford is set for a fresh shot at the narrative when CFO Sherry House steps in with UBS auto analyst Joseph Spak at 8:50 a.m. ET in New York. Ford said House will talk about the Ford+ plan and how it’s supposed to push the company toward higher growth, better margins, and capital efficiency.
Bulls are sticking with Ford on profit outlook and strong cash coming from trucks. The company posted $43.3 billion in first-quarter revenue, net income of $2.5 billion and $3.5 billion in adjusted EBIT back in April. Adjusted EBIT, which strips out some costs from earnings before interest and taxes, is a key number for investors. Ford lifted its full-year adjusted EBIT target to between $8.5 billion and $10.5 billion.
Chief Executive Jim Farley said the results and outlook showed “the momentum of the Ford+ plan.” House said the company sees “the path to higher margins is clear,” citing cost cuts, more revenue from software and services, and moves to lift electric-vehicle performance.
Wall Street’s take on Ford is mixed. According to Benzinga, Citigroup held its neutral rating on the automaker on June 1 but raised its target price to $19. BofA Securities left its buy rating in place on May 29, keeping a $20 target. Benzinga puts the average consensus target at $13.77, which is lower than where shares are now.
Risks remain. Ford’s current forecast counts on a steady U.S. auto market, with no big U.S. slump, and factors in a $1.3 billion one-off tariff gain. Barclays analyst Dan Levy noted last month that some investors saw the outlook as softer after adjusting for that one-time benefit, though he said the results were “solid.” Barron’s
Wednesday’s focus comes down to three things: a recall, shares hovering just above $16, and a finance chief set to meet investors in a few hours. Whether the stock moves may hinge less on the size of the recall than on what House says to keep traders interested.
