Ford Investigation is Over and 3 Auto Stocks Going Places

Ford (NYSE:F): A U.S. safety agency has ended an investigation concerning complaints that drivers experienced unintended acceleration in three Ford vehicles. This probe covered nearly 169,000 Ford Five Hundred and Mercury Montego sedans, and Ford Freestyle wagons from the 2005 through 2007 model years. The investigation began during May of 2011 after the National Highway Traffic Safety Administration got a number of complaints that the cars would lunge when driven at low speeds. According to the agency, Ford traced the issue back to deposits in the throttle body. The company extended warranty coverage for the problem to 10 years or 150,000 miles. Ford intends to clean the throttle and reprogram computer controls, and the agency claims that the fixes will solve the problem, which was controlled easily by moderate braking. The investigation discovered nearly 4,000 complaints and one crash causing an injury.