Make Your FORD FALLS AFTER RECALLING OVER 112000 F150 PICKUPS FOR ROLL AWAY RISKA Reality. Early on Wednesday, after the carmaker recalled 112,965 F-150 trucks because of rollaway concerns, Ford (F) shares dropped 2.3%.
Affected Ford F-150 pickup trucks from 2021 to 2023 with “the Trailer Tow Max Duty package and a 9.75-inch. Heavy-duty axle with a 3/4 float axle design is among those the firm warned the National Highway Traffic Safety Administration (NHTSA) about.
The recall which may impact 112,965 pickup vehicles, according to the carmaker. It is related to a rear axle hub bolt. May fatigue and break” and “result in damage to the axle hub splines.”
Ford stated in a notification letter to the NHTSA that the issue might. Result in a vehicle roll away when the vehicle is in park without the parking brake applied. It cause a loss of drive power,” and “increase the risk of a crash” for individuals operating affected vehicles.
The business stated that a “remedy is currently under development” as well as that “owners will be instructed to take their vehicle to a dealer for an interim repair if they experience symptoms related to rear axle bolt breakage, such as a clicking or rattling noise.”
Following the announcement, Ford shares were down 2.3% at $11.88 per share as of around 10 a.m. ET on Wednesday.
Read More : A Comprehensive Review of Regional Economics Normalization in Demand
Read More : 10 Ways to Maximize Your Savings with Kinsmith Finance
