Ford Motor Company (NYSE:F) is one of the 10 Best Stocks Under $20 to Buy According to Hedge Funds. On March 11, Reuters reported that the National Transportation Safety Board (NTSB) will hold a hearing on March 31 to determine the probable cause of two fatal crashes involving Ford Motor Company’s (NYSE:F) hands-free advanced driver assistance system, BlueCruise.
The incidents occurred in 2024 and involved 2022 model year Ford Motor Company’s (NYSE:F) Mustang Mach-E vehicles that were operating in the company’s partial automation mode.
Both crashes were rear-end collisions in which the SUVs struck stationary vehicles at highway speeds. The incidents took place in San Antonio and Philadelphia. The crashes have raised serious questions about the limitations of Ford Motor Company’s (NYSE:F) BlueCruise system. The NTSB said it plans to vote on safety recommendations aimed at preventing similar incidents in the future.
In other news, on March 4, BofA reinstated coverage of Ford Motor Company (NYSE:F) with a $17 price target and a Buy rating. BofA believes that the company is positioned to benefit from changes in the regulatory environment under the current administration, which should allow it to focus more on its higher-margin trucks and SUVs.
The research firm also expects Ford Motor Company (NYSE:F) to make progress toward its target of an 8% EBIT margin from 4.8% in 2026 as losses in the Model E segment abate and the company’s high-margin commercial business stabilizes.
Ford Motor Company (NYSE:F) is an American multinational automotive manufacturer. Through its Ford and Lincoln brands, the company designs and manufactures a variety of vehicles, including cars, trucks, SUVs, and commercial vans. The company offers fully electric, hybrid, and traditional combustion engine options.
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