Ford ( F ) – Get Free Report is recalling practically 113,000 of its F-150 pick-up vehicles resulting from a faulty rear axle hub bolt, federal regulators stated The automaker is recalling 112,965 of its 2021-2023 F-150 autos geared up with the Trailer Tow Max Duty bundle and a 9. 75-inch heavy obligation axle with a 3/4 float axle design. Related: Investment financial institution agrees with Elon Musk on the true driver of Tesla’s inventory F-150 high vendor for Ford The rear axle hub bolt might fatigue and break, which can lead to harm to the axle hub splines, based on the National Highway Safety Traffic Administration.
Damaged axle hub splines can lead to a automobile roll away when the automobile is in park with out the parking brake utilized, or trigger a lack of drive energy, NHTSA stated, and each of those circumstances can improve the chance of a crash. Ford indicated {that a} repair for the faulty piece was “currently under development,” however F-150 house owners may also take the automobile to a dealership for an interim repair in the event that they hear a clicking or rattling noise. Notification letters to house owners are anticipated to be mailed by Jan.
24. In July, Ford recalled greater than 870,000 F-150 pickup vehicles as a result of the electrical parking brakes can activate unexpectedly. Last month, Robert Kaffl, Ford’s director U.
S. gross sales, stated the corporate offered greater than 700,000 F-Series vehicles in 2023, making it the best-selling truck within the U. S.
for the forty seventh consecutive 12 months, because it remained the bestselling automobile for the forty second 12 months in a row. Kaffl stated that Ford’s “unwavering focus on growth across gas, hybrid, and electric models in 2024 reflects our promise to offer a truck for every customer – one that fits seamlessly into their lifestyle. ” Electric model launched “From the Bee Gees to Taylor Swift and the Apple II to Apple iPhone, if change is the only constant in life then there’s something reassuring that more than half of Americans have grown up only knowing that Ford F-Series is America’s bestselling vehicle,” Mike Levine, director of Ford North America product communications, informed the Detroit Free Press.
Ford launched the electrical F-150 Lightning pickup in 2022, which the automaker known as “a milestone moment in America’s shift to electric vehicles. ” However, Ford stated in December that it’s going to lower deliberate manufacturing of its all-electric pickup roughly in half this 12 months as EV demand slowed and as costs and rates of interest remained excessive. An organization spokesperson on the time stated the automaker would proceed “to match production with customer demand.
” The firm additionally stated that it was suspending round $12 billion in deliberate EV investments, together with the development of a brand new battery plant. Ford shares have been down 2. 6% to $11.
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From: businesslend
URL: https://www.businesslend.com/technology/ford-recalls-top-selling-vehicle-due-to-essential-equipment-defect/