Key takeaways
- Ford shares fell in early trading Wednesday after the company recalled 112,965 F-150 pickup trucks that could be affected by a downside risk.
- The automaker notified the National Highway Traffic Safety Administration that the rear axle bolt on the affected trucks could break and cause the vehicle to roll.
- The company said "a remedy is currently being developed" and reported that it has notified the owners of the impacted vehicles.
ford (F) shares fell 2.3% in early trading Wednesday after the automaker remembered 112,965 F-150 trucks due to displacement risks.
The company notified the National Highway Traffic Safety Administration (NHTSA) that certain 2021 to 2023 Ford F-150 pickup trucks that have "the Trailer Tow Max Duty package and a 9.75-inch heavy-duty axle with an axle design 3/4" float are affected.
The automaker said the recall, which potentially affects 112,965 pickup trucks, concerns a rear axle bolt that "can fatigue and break," which could "cause damage to the axle splines."
The problem could "cause the vehicle to roll when parked without the parking brake applied, or result in a loss of driving power" and "increase the risk of an accident" for those driving impacted trucks, Ford said in a notification letter. to NHTSA.
The company reported that "a remedy is currently being developed" and that "owners will be instructed to take their vehicle to a dealership for interim repair if they experience symptoms related to breaking rear axle bolts, such as a clicking or clicking sound. rattle".
Ford shares fell 2.3% to $11.88 per share at approximately 10 a.m. ET Wednesday following the news.
