Cars and Drivers
Ford Recalls 265,000 Trucks, SUVs in 2 Separate Actions
Published:
Last Updated:
Ford Motor Co. (NYSE: F) on Friday issued two safety-related recalls on several models of its F-Series pickups and the model year 2020 Ford Explorer and Lincoln Aviator sport utility vehicles. The company noted that no crashes or injuries have been reported related to either recall.
The company is recalling 231,664 F-Series pickups in the United States and federal territories, along with 29,953 vehicles in Canada, to fix a problem that could cause the trucks’ tailgate latch to release unexpectedly. The recall covers F-250, F-350 and F-450 pickups for model years 2017 through 2019. The trucks were built at Ford’s Kentucky truck plant between October 8, 2015, and November 3, 2019.
According to the announcement, water could enter the wiring system of the electric tailgate latch-release switch mounted in the tailgate handle, causing a short circuit and the unintended release of the tailgate latches. The tailgate could open unintentionally when the truck is in motion or stationary, resulting in loose cargo being dumped and increasing the risk of a crash.
Ford dealers will modify the wiring harness to isolate the release control circuits and install a new release handle switch.
The company is also recalling 3,858 model year 2020 Ford Explorer and Lincoln Aviator SUVs in the United States and 42 in Canada and Mexico to fix a potential problem that could cause an engine fire. In some of the affected vehicles, a protective sleeve on the fuel line is too short and may allow contact with the vapor fuel line. Over time, vibration and engine roll the contact could cause a fuel leak, increasing the risk of a fire.
The vehicles were built at Ford’s Chicago plant between mid-January and July 17, 2019.
Dealers will inspect vehicles to determine whether the sleeve is the proper length and replace any that are not.
Ford stock traded up about 0.5% early Friday, at $8.98 in a 52-week range of $7.41 to $10.56. The stock’s 12-month consensus price target is $10.09.
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.