Ford recalls more than a million vehicles for software glitch that makes rearview camera unreliable
WASHINGTON (AP) — Ford is recalling more than a million vehicles due to a software issue that can cause the rearview camera to malfunction, increasing the chance of an accident, government auto regulators said.
The software error, which Ford reported to the National Highway Traffic Safety Administration earlier this month, may cause the rearview camera image to delay, freeze or not display when the vehicle is in reverse.
The problem will be fixed by a dealer or via an 'over-the-air' update at a later date. A preliminary letter notifying owners of the safety risk is expected to be mailed June 16, with a second letter to be sent once the update is available, expected sometime in the third quarter of 2025.
The following Ford vehicles — a total of 1,075,299 — are included in the recall:
2021-2024 Bronco
2021-2024 Edge
2023-2024 Escape
2021-2024 F-150
2023-2024 F-250, F-350, F-450, F-550, F-600
2022-2024 Expedition
2022-2025 Transit
2021-2023 Mach-E
2024 Ranger
2024 Mustang
2021-2023 Lincoln Nautilus
2022-2024 Navigator
2023-2024 Corsair
Owners can contact Ford customer service at 1-866-436-7332. Ford's number for the recall is 25S49.
Owners may also call the NHTSA's Vehicle Safety Hotline at 888-327-4236 (TTY 888-275-9171) or go to nhtsa.gov.
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The world's largest consumer goods company, Procter & Gamble (PG), said on Thursday it will cut 7,000 jobs, approximately 6% of its total workforce, over the next two years as part of a new restructuring plan to combat falling consumer demand and higher costs due to tariffs. P&G said it also plans to exit some product categories and brands in certain markets. P&G, which makes popular brands such as Pampers and Tide detergent, said the restructuring plan comes when consumer spending is pressured. Like P&G, other consumer companies are also facing a drop in demand, such as Unilever. President Trump's tariffs on trading partners have deeply impacted global markets and led to recession fears in the US, which is the biggest market for P&G. A Reuters poll revealed that Trump's trade war has cost companies over $34B in lost sales and higher costs. My colleague Brian Sozzi highlights some of P&G's changes within his latest piece, stating that the consumer goods brand knows how to do a "few things very well." P&G was forced to raise prices on some products in April. Pricing and cost cuts were the main levers, CFO Andre Schulten said. On Thursday, Schulten and P&G's operations head Shailesh Jejurikar acknowledged that the geopolitical environment was "unpredictable" and that consumers were facing "greater uncertainty." Read more here. Instead of passing on tariff costs to consumers, tonic maker Fevertree Drinks (FQVTY) announced on Thursday it would equally split costs of the 10% tariff imposed on UK imports to the US with brewer Molson Coors (TAP). The British company, known for its premium cocktail mixers, counts the United States as its largest market, where it continues to deliver strong momentum bolstered by its partnership with the US beer maker Molson Coors. Read more here. Reuters reports: Read more here. 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They do not reflect the US-UK trade pact announced on May 8. President Trump's tariffs are leading many American's, especially those with deeper pockets to flock to dollar stores. Chains such as Dollar General and Dollar Tree, whose core customer base was once (and still is) those with less money, are now seeing a rise in wealthier customers visiting their stores, as Trump's tariffs darken US consumer sentiment. The FT reports: Read more here. Activity in the services sector has fallen into contraction for the first time in a year. The Institute for Supply Management's Services PMI registered a reading of 49.9 in May, below the 51.6 seen in April and lower than the increase to 52 economists had expected. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate contraction. May's data marked just the fourth time the services sector has fallen into contraction in the past five years. New orders tumbled to a reading of 46.4 in May, below the 52.3 seen the month prior. Meanwhile, the prices paid index increased to 68.7, up from 65.1 in April. This marked the highest prices paid reading since November 2022, when the Consumer Price Index had shown inflation at 7.1%. Steve Miller, the chair of ISM's Services Business Survey, said in the release that "tariff impacts are likely elevating prices paid." "May's PMI level is not indicative of a severe contraction, but rather uncertainty that is being expressed broadly among ISM Services Business Survey panelists," Miller said. Yahoo Finance's Josh Schafer reports: Read more here. The Bank of Canada noted that it's seeing softness in the Canadian economy due to tariffs as it held interest rates steady on Wednesday. 'With uncertainty about US tariffs still high, the Canadian economy softer but not sharply weaker, and some unexpected firmness in recent inflation data, Governing Council decided to hold the policy rate as we gain more information on US trade policy and its impacts,' the Bank said in a statement. 'We will continue to assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs.' Governor Tiff Macklem also noted that while it's too soon to see tariff-related inflation broadly in consumer prices, the US-Canada trade conflict is "the biggest headwind facing the Canadian economy." Read live updates about the Bank of Canada's policy meeting here. British Prime Minister Kier Starmer said on Wednesday he is confident the tariffs on US imports of British steel will be reduced to zero within a "couple of weeks" and that the UK will avoid the July deadline, which could see levies rise up by 50%. Britain managed to avoid the 50% tariff on steel imports into the US, but President Trump has said if a deal is not made by July 9, British steel will face the same fate as other countries. Reuters reports: Read more here. Like many other retailers, tariffs have hit the discount store Dollar Tree (DLTR), who have blamed President Trump's trade war for its weak second-quarter profit. Shares of the company were down about just over 1% in premarket trading. Reuters reports: Read more here. Tariffs are set to drive up seafood prices in the US, as global trade tensions could disrupt the ocean goods trade, according to a report from the United Nations trade agency published on Wednesday. Reuters reports: Read more here.
