More than 115,000 Ford trucks are being recalled as the steering column upper shaft can detach, potentially causing loss of steering control in certain F-series vehicles.
Ford is attempting to boost sales of its crucial F-150 pickup truck before the end of the third quarter by offering special financing to consumers with less-than-perfect credit ratings. The move includes offering consumers with subprime credit — those with a FICO score below 620 — lower interest rates offered to those with quality scores.
About 9.5 million. That's the number of vehicles recalled by Ford this year, according to NHTSA data.
Ford Motor Co is recalling 115,539 vehicles in the U.S. due to a defect that could cause the steering column's upper shaft to detach, potentially leading to a loss of steering control, the U.S. National Highway Traffic Safety Administration said on Wednesday.
Ford is packing up and will soon move to its new headquarters a short drive down the road.
Shares of Ford Motor Company ( NYSE: F ) gained 1.04% over the past month after losing 3.70% the month prior.
Ford will cut up to 1,000 jobs in electric car production in the German city of Cologne due to weak demand, the U.S. carmaker said in a statement on Tuesday.
Apparently, new cutbacks in emissions regulations will add billions of dollars to the bottom lines of Ford Motor Co.
Just days after Ford Motor Co. (NYSE: F) said it would completely change the way it makes electric vehicles (EVs), it reported its August and year-to-date unit sales.
Ford saw big growth in August in sales of its three-row Expedition SUV. The most popular Expedition models start at around $74,000.
F expands its BlueOval Charge Network, opening 1,200 dealership fast chargers to all EV drivers across North America.
F recalls 355,000 trucks over instrument panel faults, stepping up testing to restore quality and rebuild customer trust.