Ford is recalling more than 1.5 million vehicles in the U.S. in two actions to fix leaky brake hoses and windshield wiper arms that can break.
The largest of two recalls covers nearly 1.3 million 2013 through 2018 Ford Fusion and Lincoln MKZ midsize cars. The company said in documents posted Friday by safety regulators that the front brake hoses can rupture and leak brake fluid. That would increase brake pedal travel and make stopping distances longer.
Dealers will replace the hoses. Ford will mail owners notification letters starting April 17. They'll get a second letter once parts are available for the fix.
Owners who are experiencing problems should call their dealer, Ford said. There are some parts already available for repairs. The company said only about 2% of the vehicles will have brake hose leaks.
Ford said it’s aware of one crash with no mention of injuries due to the problem.
The second recall covers more than 222,000 F-150 pickups from 2021. The windshield wiper arms can break.
Dealers will replace the arms if needed. Owners will be notified starting March 27.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.