Categories Consumer

Ford is recalling over 870,000 pickup trucks

Concerned over fire risks at its engine block heaters, Ford (F) on Friday recalled about 874,000 pickup trucks sold in the US and Canada. The affected vehicles include 2015-19 F-150 vehicles and 2017-19 Super Duty trucks.

Over 410,000 of the recalled vehicles are from the United States and its federal territories, while the rest are from Canada.

The company said the block heater cable may get corroded over time due to the contaminants and water, which may, in turn, cause a short or damage the heater. The second largest automaker in the country added that no accidents or fatalities have been reported so far related to this.

Ford said its dealers will replace the damaged block heater cables, and if there is no corrosion, dielectric grease will be applied to the splice connector. The recall is likely to begin in early January.

Ford (F) shares fell 0.25% during intraday trading on Friday. The stock has declined 35% since the start of this year.

Massive recall hits over 62,000 Mazda cars in Russia

Earlier in August, the company had recalled over 50,000 electric and plug-in hybrid vehicles over faulty charging cables that catch fire on overheating. That recall included 49,197 vehicles in the US and 1,327 vehicles in Canada.

Electric vehicles stand a risk of catching fire in the plug area when they are charged using the non-standard plug. Meanwhile, plug-in hybrid vehicles can catch fire if the power supply cable is not properly secured, causing the nut to be cross-threaded.

 

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

Earnings calendar for the week of March 8

On the heels of lawmakers moving closer to passing the stimulus bill, inflations concerns gripped the market after Federal Reserve chief Jerome Powell at a meeting said the reopening would

Why Costco’s (COST) growth prospects might depend on beating costs, digital lag

Though the retail boom triggered by the pandemic was estimated to be short-lived initially, the shopping spree continued as customers stocked up on essential items, concerned about the persistent market

Gap (GPS) hopes to see a favorable recovery by the second half of 2021

Shares of Gap Inc. (NYSE: GPS) were up 5.8% in afternoon hours on Friday. The stock has gained 103% over the past 12 months. Gap reported mixed results for the

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top