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Ford Leads in the Number of Recalls, Faces Costly Penalties
ZACKS· 2025-07-17 17:15
Core Insights - Ford Motor Company has been leading the automotive industry in recalls this year, with a recent recall of 694,271 SUVs in the U.S. and a total of approximately 858,000 vehicles globally due to fuel leak issues that pose a fire risk [1][7] - The company faces significant financial repercussions, including a $570 million cost in its second quarter 2025 results and potential fines of up to $165 million, marking the second-largest civil penalty in NHTSA history [2][7] Recall Details - The affected models include the 2021-24 Bronco Sport, 2020-22 Escape, and 2019-24 Kuga, with the recall stemming from cracked fuel injectors that may lead to fuel leaks and possible fires [1][2] - Although no injuries have been reported, there have been eight instances of underhood fires, with six of those vehicles lacking the recommended software update intended as a temporary fix [3] Financial Performance - Ford's shares have decreased by 16.7% over the past year, contrasting with a 4.2% decline in the broader automotive industry [4]
EV maker recalls more than 27K vehicles over risk malfunction in key component
New York Post· 2025-05-06 16:13
Core Points - Polestar is recalling over 27,800 Polestar 2 electric vehicles in the U.S. due to rearview camera display issues that may not show an image while reversing [1][2] - The recall affects 2021-2025 Polestar 2 models produced between July 2020 and late November 2022 [2] - The issue is attributed to a synchronization error between the Parking Assist Camera and the Infotainment Head Unit [2][4] Recall Details - Owners of the recalled vehicles will receive notification letters about the recall on June 19 [3] - The problem will be addressed through a software update that ensures a stable high-speed signal connection and includes a reset feature for the video signal receiving hardware [4] - Polestar 2 was first introduced in the U.S. market in 2020, but the company no longer manufactures this model for the U.S. [5] Company Overview - Polestar is a Swedish electric vehicle manufacturer that sells its products in 27 markets globally [5][6]