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Ford to Recall More Than 273K SUVs Over Potential Brake Defect
ZACKS· 2025-05-16 12:51
Ford Motor Company - Ford is recalling 273,789 Expedition and Lincoln Navigator SUVs from model years 2022 to 2024 due to a potential brake defect [1] - The brake defect may cause longer brake pedal travel and a reduction in deceleration, increasing the likelihood of a collision [2] - Only about 1% of the recalled SUVs are expected to have this issue, and there have been no reported crashes or injuries related to it [3] - Ford sold over 78,000 Expeditions and 15,000 Navigators in the U.S. last year, indicating the significance of these models in its lineup [4] Waymo LLC - Waymo is recalling 1,212 autonomous vehicles to address software issues that could lead to collisions with road barriers [5] - The company operates over 1,500 vehicles and provides more than 250,000 fully autonomous paid rides each week [5] - Waymo plans to expand its services to additional cities including Atlanta, Miami, and Washington, D.C. [5] Volvo - Volvo issued a recall affecting 413,151 U.S. vehicles, including 2021–2025 XC40 models, due to a malfunctioning rearview camera system [6] - The issue will be resolved through a software update, either at dealerships or via over-the-air installation [6]
OFL: Ford's Budget Delivers for Corporations, Fails Working Ontarians Again
GlobeNewswire News Room· 2025-05-15 22:13
Core Points - Ontario Budget 2025 is criticized for prioritizing corporate handouts and deregulation over the needs of workers and public services [2][4][8] - The budget fails to address job losses, with 33,000 manufacturing jobs lost recently, and lacks guarantees for job security or decent wages [3][4] - There is a projected $14.6 billion deficit for 2025-26, with overly optimistic forecasts for a surplus in 2026-27, raising concerns about economic stability [9] Summary by Category Economic Impact - The budget does not provide a serious plan to make life more affordable or secure for Ontarians, focusing instead on a narrow surplus projection based on optimistic forecasts [9] - The government is allocating billions into a contingency fund without targeted investments in job creation, risking community welfare amid low economic growth and high unemployment [7] Public Services - Key sectors such as health care, child care, and public education remain underfunded, which undermines community well-being and economic competitiveness [4][6] - There are no new investments in essential public infrastructure like hospitals and schools, which are critical for supporting stable jobs [6] Labor Concerns - The Ontario Federation of Labour emphasizes that the budget ignores the needs of workers for fair wages and secure jobs, leaving them to bear the brunt of economic challenges [2][4] - The expansion of the Ontario Made Manufacturing Investment Tax Credit lacks job guarantees and wage conditions, raising concerns about its effectiveness [3]
Ford recalls Expedition and Navigator SUVs in the US due to brake line issues
Proactiveinvestors NA· 2025-05-15 16:55
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Ford CEO Jim Farley says company will be ‘advantaged' around tariffs: ‘Fairest fight in decades'
New York Post· 2025-05-15 10:00
Core Insights - Ford Motors CEO Jim Farley expresses optimism about the company's future despite the complexities introduced by tariffs [1] - The Trump administration's focus on American manufacturing aligns with Ford's long-standing strategy of investing in domestic operations [3][8] - Ford has consistently manufactured high-value products in the US, exporting more than it imports, making it the largest US automaker by domestic production [2] Tariffs and Manufacturing - Tariffs could potentially motivate re-shoring, although challenges remain due to global supply chain disruptions [4] - Ford anticipates that tariffs may increase costs by up to $1.5 billion this year on adjusted earnings [5] - The company currently manufactures 85% of its parts in the US, and increasing this to 100% would significantly raise costs [7] Supply Chain and Parts Sourcing - Ford has suspended guidance for the rest of the year due to uncertainty about parts, but a recent deal with China may allow for reinstatement [9] - The company relies on parts from China for its F-150 model, and recent developments have made these parts more affordable [9][18] - The ability to resume exports of high-end vehicles to China could boost production and strengthen Ford's global position [9] Industry Context and Future Outlook - Farley highlights the importance of industrial independence for the US, drawing parallels with countries that have lost manufacturing capabilities [15][16] - The car industry is now energy independent, and there is a call for the US to achieve industrial independence quickly [16] - Ford's historical commitment to US manufacturing is emphasized, with a focus on the need for critical minerals and semiconductors [15]
Consumer Attorney Law Firm Highlights Ongoing Allegations Against Huntington Beach Ford Over Management and Workplace Misconduct
GlobeNewswire News Room· 2025-05-15 00:32
Core Viewpoint - The Consumer Attorney Law Firm has initiated legal action against Huntington Beach Ford and Bakhtiari Automotive Group, alleging deceptive business practices, a hostile work environment, and abusive management under store manager Omar Zeola, based on employee and consumer accounts [1][2][4]. Group 1: Allegations of Misconduct - Allegations include coerced five-star reviews, where sales representatives pressured customers to leave positive reviews in exchange for rebates and incentives [7][11]. - Reports of a toxic workplace environment have emerged, with former employees citing harassment, retaliation, and abusive management behavior, including public humiliation and intimidation [7][11]. - Deceptive rebate practices are alleged, including promises of rebates that were not delivered and potential falsification of manufacturer information [7][11]. Group 2: Management Issues - Current employees have reported significant management instability, with high turnover rates among service managers due to internal conflicts with Omar Zeola [5]. - Accounts of aggressive and controlling behavior by Zeola have been shared, indicating a challenging work environment where employees feel intimidated [4][5]. - Attempts to contact Oscar Bakhtiari, the owner of Bakhtiari Automotive Group, regarding these allegations have reportedly gone unanswered, raising concerns about management's commitment to addressing the issues [3]. Group 3: Legal Proceedings - The ongoing legal case aims to hold Huntington Beach Ford and its leadership accountable for the alleged practices, with the Consumer Attorney Law Firm committed to uncovering the full extent of the issues [8]. - The firm encourages consumers, former employees, and vendors who have experienced any of the alleged practices to come forward and share their stories [8].
Ford recalls more than 270K SUVs over faulty brakes that increase risk of crashes
New York Post· 2025-05-14 19:22
Core Viewpoint - Ford Motor Company has issued a safety recall for over 270,000 vehicles in the US due to brake defects that could increase the risk of a crash [1][4]. Group 1: Recall Details - The recall affects 223,315 Ford Expeditions and 50,474 Lincoln Navigators from model years 2022 through 2024 [1][8]. - The issue is linked to a defect in the assembly process at Ford's Kentucky Truck Plant, where the front brake line may contact the engine air cleaner outlet pipe, potentially leading to a brake line leak [2][4]. Group 2: Safety Implications - Over time, the contact can cause the brake line to weaken, crack, or leak, which may result in brake failure [5]. - A brake line leak could lead to longer brake pedal travel and a reduction in deceleration rate, increasing the risk of a crash [5][6]. Group 3: Investigation and Resolution - Ford began investigating the issue in February after an increase in brake system warranty claims for 2022 model year Navigators [6]. - A production modification introduced in November 2024 is expected to prevent brake line interference [6]. Group 4: Customer Notification and Support - Owners of affected models will be notified by mail between May 26 and May 30, with instructions to bring their vehicles to a dealership for inspection [9]. - Dealers will replace the brake line and/or air cleaner outlet pipe at no cost, and reimbursement for prior repairs related to the issue will be available [9].
nuVizz and Ford Motor Company to Share Keys to 96% Parts Delivery Success at Home Delivery World
GlobeNewswire News Room· 2025-05-12 12:00
ATLANTA, May 12, 2025 (GLOBE NEWSWIRE) -- nuVizz, a leading innovator in last-mile transportation management solutions (TMS), will present alongside Ford Motor Company at Home Delivery World 2025, one of North America's premier logistics and supply chain conferences. This session will provide a behind-the- scenes look at how nuVizz's specialized last-mile TMS is streamlining one of the most expensive aspects of Ford's logistics operations, creating a more innovative and efficient Dealer Delivery Service (DD ...
Ford: Now A High-Yield Capital Return Play
Seeking Alpha· 2025-05-09 21:48
Group 1 - The stock market has shown a recovery in April despite concerns regarding tariffs, chip export restrictions, and recession fears [1] - Automaker Ford has benefited from the stock market rebound [1]
The Score: Disney, Berkshire Hathaway, Ford and More Stocks That Defined the Week
WSJ· 2025-05-09 21:10
Group 1 - The article discusses significant stock movements and events related to major companies such as Disney, Berkshire Hathaway, and Ford, highlighting their impact on the market [1] - Disney's stock performance was notably influenced by its recent earnings report, which showed a decline in subscribers for its streaming service, leading to a drop in share price [1] - Berkshire Hathaway's investment strategy continues to attract attention, with its diversified portfolio showing resilience amid market fluctuations [1] Group 2 - Ford's stock experienced volatility due to concerns over supply chain issues and production delays, which could affect its future earnings [1] - The overall market sentiment was shaped by these companies' performances, reflecting broader economic trends and investor confidence [1] - Analysts are closely monitoring these developments as they could signal potential investment opportunities or risks in the respective sectors [1]