Core Insights - Ford is recalling over 272,000 hybrid and electric vehicles due to a software issue with the Integrated Parking Module (IPM), which may fail to lock the vehicle in park, increasing crash risk [1][8] - The recall affects specific models including 2022-2026 F-150 Lightning, 2024-2026 Mustang Mach-E, and 2025-2026 Maverick, with an estimated 1% of these vehicles likely to have the defect [2][8] - Ford plans to address the issue with a free software update, either over the air or through dealer installation [2] Financial Performance - Ford reported third quarter 2025 consolidated revenues of $50.5 billion, a 9% increase from the previous year, with automotive revenues at $47.2 billion, also up 9% from $43 billion [4] - The Ford Blue segment's total wholesale volume increased by 2% year over year to 733,000 units, with revenue rising 7% to $28 billion [5] - Ford Model e sales surged 57% year over year to 50,000 units, with revenues jumping 52% to $1.8 billion [5] Safety and Production Updates - Ford has not reported any accidents or injuries related to the recall, but there have been warranty claims potentially linked to the software issue [3] - The recall follows Ford's announcement of ending production of the current F-150 Lightning, with plans for a next-generation extended-range electric vehicle [4]