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Benzinga

Business

Shivani Kumaresan

Ford Recalls Vehicles Over Fire Risk: Reuters

Ford Ford Motor Co Lincoln (Organization) United States

Ford Motor Co (NYSE:F) recalled 737,000 vehicles in the U.S. over fears of oil leaks and software error, Reuters reported.
The automaker recalled 345,451 of its 2020-2022 Ford Escape and 2021-2022 Ford Bronco Sport vehicles with 1.5L engines.
The report noted that the company fears that the engine oil separator housing could crack and develop an oil leak leading to an engine fire.
Ford has been notified of eight such fires related to an oil leak, the report specified.
The automaker also recalled 391,836 2021-2022 F-150, 2022 Ford Maverick, Expedition, Lincoln avigator, F-250, F-350, F-450, and F-550 vehicles due to a brake system issue.
Price Action: F shares are trading lower by 2.96% at $16.41 on the last check Friday.

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