Ford Recalls 422,000 Sports Utility Vehicles On Faulty Rearview Camera Image Display: Report
- Ford Motor Company (NYSE: F) reportedly plans to recall 422,000 sport utility vehicles in the U.S. on facing issues with the rearview camera image from displaying.
- The automaker is working with suppliers to identify the "root cause" and provide the correct remedy as quickly as possible, Reuters reported.
- Also Read: Ford Plans To Cut 1,300 Jobs In China As Sales Drop: Report
- The company plans to recall Ford Explorer and Lincoln Aviator from 2020 through 2023.
- In addition, 2020-2022 Lincoln Corsair SUVs with 360-degree cameras will also be recalled.
- Car owner notification letters are expected to be mailed by the company on June 26.
- Earlier this month, BMW (Bayerische Motoren Werke ADR) (OTC: BMWYY) reportedly issued a "do not drive" alert for the 90,000 affected sedans and SUVs with faulty airbags.
- Ford has recently been in the headlines for slashing jobs while focusing on investing more than $50 billion through 2026 in electric vehicles and battery components.
- Ford is on track to reach an annual targeted production run rate of 600,000 electric vehicles globally by the end of 2023.
- Price Action: F shares are trading higher by 1.13% to $11.63 on the last check Thursday.
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