logo
Ford orders dealers not to deliver Mustang Mach-Es over lockout recall

Ford orders dealers not to deliver Mustang Mach-Es over lockout recall

Miami Herald18-06-2025

Ford Motor Co. has ordered its dealers not to deliver more than 320,000 all-electric Mustang Mach-E SUVs over an issue that can cause lockouts and entrapment.
The Dearborn automaker is recalling approximately 207,181 model year 2021-2025 Mustang Mach-Es in the United States and another 120,000 internationally. In a notice of the safety recall dated Monday from Ford to dealers obtained by The Detroit News, the company orders its retailers not to demonstrate or deliver 2021-2025 model year Mach-Es until a fix is complete. A software update is coming soon to address this recall, Ford spokesperson Mike Levine said in a statement.
An unexpected discharge of the vehicle's 12-volt battery under certain conditions can cause the front-door electronic latches to retain their last lock or unlocked status, according to the notice. If a driver or front passenger exits the front doors with the mechanical release inside, the doors can remain locked when closed, causing a lockout.
If a child, animal or other occupant is left in the vehicle and unable to exit themselves, the situation could result in serious injury, particularly in hot weather. Ford, however, isn't aware of any reports of accident or injury related to this condition.
Quality and warranty issues have been a major focus for the automaker in addressing its bloated cost structure in comparison to even crosstown rivals like General Motors Co. Andrew Frick, CEO of Ford's Ford Blue international combustion engine and Model e electric divisions, last week at the Deutsche Bank Conference highlighted double-digit quality improvements.
U.S. sales of the Mach-E rose 11% in May and are up 2.8% in 2025 so far, benefitting from the automaker's "From America, For America" employee discount pricing offer and "Ford Power Promise" that covers the cost for EV buyers of a Level 2 home charger and its standard installation.
The company disclosed early this month that its May gross stock of the SUV was 13,400 vehicles. Supply at the start of June was 82 days, according to auto information website Edmunds.com Inc.
Ford imports the Mach-E from Mexico, which means it now faces a 25% tariff imposed by the Trump administration. As a result, the automaker last month said it was raising the manufacturer's suggested price on the Mach-E by up to $2,000, with certain options also seeing an increase.
The recall was unwelcome news for dealers like Jim Seavitt, owner of Village Ford in Dearborn, who has dozens of Mach-Es on his lot.
"I was not happy to see that," he said, adding about the Mach-E: "It's been a good deal. If they can find a solution by early July, that would be good."
Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Coca-Cola's discontinued college drink makes a big comeback
Coca-Cola's discontinued college drink makes a big comeback

Miami Herald

time44 minutes ago

  • Miami Herald

Coca-Cola's discontinued college drink makes a big comeback

My brother is an avid Pepsi fan. He just hates Coca-Cola. For him, those two drinks are like parallel universes. For many consumers, on the other hand, Pepsi and Coca-Cola are interchangeable. I used to think that Nutella and Eurocream (European hazelnut spread) are more or less the same, but when I could afford Nutella more often, I realized they are not even similar. Sometimes, I worry that I became kind of snobby, because of that. I even prefer an empty crepe instead of one with any other nut-based spread. Don't miss the move: Subscribe to TheStreet's free daily newsletter I guess the tastes are widely different, as we all know. That's why being in the food and beverage industry is so challenging. How to answer all those preferences and satisfy every taste and demand? How simple it would be if taste was the only parameter, but alas, it's far from it. There are also the quality of ingredients, current market trends, product sustainability, and so much more. On top of it, the product has to be profitable for the company. Taking all this into account, it's no surprise that many, even very popular, consumer products end up discontinued. A simple shift in consumer preferences, turning toward healthier alternatives, for example, could lead to less profitability, forcing companies to end production of a certain product. When one product ends up removed from shelves, chances are, it will upset at least a few people who loved it. The more popular the product, the bigger the response. In 2020, Coca-Cola discontinued Odwalla, a popular juice and smoothie brand. Some sources argue that Covid had its role in this, because Odwalla was a popular drink among certain crowds - college and school students. Related: Coca-Cola has genius plan to win back lost customers When the pandemic struck, many colleges and schools closed their doors, which might have been a contributing factor to the decision to discontinue the product. Odawalal's history is more interesting and complex than being just one of Coca-Cola's hundreds of brands. It was developed back in the 1980s when a group of jazzers from Chicago started selling orange juice out of a van to support their careers. Over time, the business expanded to include more fruit juice, smoothies, soy milk, bottled water, organic beverages, and even several types of energy bars. In 1996, Odwalla had a major setback as it was responsible for the fatal outbreak of E. coli O157:H7 and was found criminally liable, paying one of the highest penalties in food poisoning cases in the U.S. Changing its safety practices, Odwalla quickly regained profitability, and even by the end of 1998, its revenue surpassed pre-crisis numbers. In 2001, Odwalla was acquired by the Coca-Cola Company for $181 million, becoming a wholly owned subsidiary. Nineteen years later, Coca-Cola discontinued the business and sold it to Full Sail Ip Partners in 2021. In 2024, a family-owned Mexico-based juice maker Grupo Jumex inked a licensing deal with Full Sail IP, and revived Odwalla in January 2025. Jumex is going slow with the relaunch as it balances between offering a nostalgic taste for consumers who loved Odwalla's flavors and changing it to adapt to the current market trends. It has removed vitamins that were previously added to some of the products, placing a transparent list of real fruit and natural ingredients. Related: Iconic 1980s soda brand back on shelves with a surprising twist The company is using electro pasteurization, which is more expensive but preserves more of the juices' nutrients, according to Carlos Maraxo, country manager with Jumex USA. In a recent Food for Thought podcast, Maraxo explained that the brand is adapting to today's customer needs by offering a handful of high-quality ingredients and focusing on flavor. To provide users with a more premium experience, Jumex is offering Odwalla juices in Tetra Prisma cartons and smoothies in glass bottles instead of plastic. Jumex plans to innovate and expand its portfolio, but currently is careful about launching too many products at once. Three signature smoothies already in the market include mango, strawberry-banana, and berries, and three 100% juice options: a blend of orange guava and ginger, green juice made with pineapple, apple, and nopal (tender cactus); and a not-from-concentrate orange juice. "The U.S. is the most competitive market in the world. Obviously, it's going to be a challenge," Madrazo said. "We're taking this one step at a time. I don't want to minimize the complexity of relaunching it." The idea is to bring the brand "back to its former glory days." Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

Buy These 3 High-Yield Dividend Stocks for Portfolio Protection Amid Israel-Iran Conflict
Buy These 3 High-Yield Dividend Stocks for Portfolio Protection Amid Israel-Iran Conflict

Yahoo

time2 hours ago

  • Yahoo

Buy These 3 High-Yield Dividend Stocks for Portfolio Protection Amid Israel-Iran Conflict

Conflict between Israel and Iran has put global investors on edge as markets have reacted with heightened caution. Investors searching for stability are increasingly turning their attention to high-yield dividend stocks. These companies offering high yields and reliable dividend payments are standing out, especially as growth stocks struggle and volatility rises. Seeking Passive Income? This Dividend Stock Yields 9.6%. 3 Dirt-Cheap Dividend Aristocrats About to Explode Higher Buy These 3 High-Yield Dividend Stocks for Portfolio Protection Amid Israel-Iran Conflict Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Could these three high-yield dividend stocks offer a rare combination of protection and income that your portfolio needs right now? Let's find out. VICI Properties (VICI) is a leading real estate investment trust (REIT) specializing in gaming, hospitality, and experiential real estate assets with a market capitalization of $34.7 billion. The company's dividend is a core attraction, currently offering an annualized payout of $1.73 per share, a robust 5.3% yield, and a sustainable payout ratio of 60.9%. VICI's shares have delivered year-to-date gains of 12.7% and 52-week returns of 15.8%. The company's first-quarter 2025 results, released April 30, 2025, highlighted revenue of $984.2 million, up 3.4% year-over-year, and net income attributable to common stockholders of $543.6 million, or $0.51 per share. Adjusted funds from operations (AFFO) rose 5.6% to $616 million, or $0.58 per share, and the company ended the quarter with $334.3 million in cash and $624.6 million in estimated forward sale equity proceeds. For full-year 2025, management raised AFFO guidance to between $2.47 billion and $2.50 billion, or $2.33–$2.36 per diluted share. Analysts are calling for moderate earnings per share growth to $0.59 for the current quarter. Analyst consensus is resoundingly positive, with the 22 surveyed analysts rating VICI a consensus 'Strong Buy' and giving it an average price target of $36.13. This optimism is rooted in VICI's defensive business model, strong cash flows, and strategic expansion. Eversource Energy (ES) delivers electricity and natural gas (NGN25) to customers across New England, operating as a regulated utility. The company supports a generous dividend, currently yielding 4.7% with an annual payout of $3.01 per share. Eversource's share price is just below $64, reflecting year-to-date gains of 11.3% and a 52-week return of 10.2%. Eversource's first-quarter 2025 results revealed GAAP earnings of $1.50 per share, a slight increase from $1.49 in the previous year. The transmission, electric distribution, and natural gas segments all reported improved earnings due to higher investments and effective rate mechanisms. In contrast, the parent segment experienced increased losses due to higher interest expenses. ES's $2.4 billion sale of Aquarion, which includes $1.6 billion in cash and $800 million in cleared debt, sharpens its focus on core electric and gas operations and strengthens its balance sheet. The company's capital investment plan of $24.2 billion for 2025–2029, primarily aimed at distribution and transmission, supports steady, rate-regulated growth. The company reaffirmed 2025 EPS guidance of $4.67–$4.82 per share and a long-term growth rate of 5%–7% through 2029. Analyst sentiment remains generally positive, with a 'Moderate Buy' rating from 19 analysts and an average price target of $68.56. Pinnacle West Capital (PNW) is the parent company of Arizona Public Service (APS), supplying electricity to over 1.4 million customers across Arizona. The company's dividend is both reliable and growing, with a recent quarterly payout of $0.895 per share, translating to an annual yield of roughly 4% and a payout ratio of 70.9%. Pinnacle's shares are priced just above $90, reflecting a year-to-date gain of 6.5% and a 52-week return of 19.3%. Pinnacle West's first-quarter 2025 results, released May 1, 2025, revealed a net loss attributable to common shareholders of $4.6 million, or $0.04 per diluted share, missing analyst expectations by $0.06, but revenue surpassed forecasts at $1.03 billion, up 8.4% year-over-year. CEO Ted Geisler noted, 'Financial results in the first quarter were in line with our expectations, especially given the power plant overhauls and maintenance work built into our budget to ensure reliability for the summer months,' while highlighting robust customer and electricity sales growth as Arizona's economy continues to expand. APS retail customers grew 2.3% and retail sales increased 2.1% quarter-over-quarter, reinforcing the region's strong economic momentum. The company's APS sector is nearing completion of scheduled maintenance and refueling at the Palo Verde Generating Station Unit 1, ensuring grid reliability and supporting long-term operational efficiency. For 2025, Pinnacle West maintains consolidated earnings guidance of $4.40 to $4.60 per diluted share. Analyst consensus remains positive with a 'Moderate Buy' rating from 15 analysts and an average price target of $97.71. With geopolitical tensions high, VICI, ES, and PNW are solid choices for portfolio protection and steady income. Each company's reliable dividends and defensive business models make them especially attractive when markets get shaky. Looking ahead, shares in these names are likely to hold their ground or even post modest gains, as investors continue to favor stability over risk. While nothing's ever guaranteed, the focus on infrastructure, real estate, and essential services means these stocks should weather volatility better than most. On the date of publication, Ebube Jones did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Scammers are Targeting PG&E Customers at an Alarming Rate, Here's What You Need to Know to Not Fall Victim
Scammers are Targeting PG&E Customers at an Alarming Rate, Here's What You Need to Know to Not Fall Victim

Yahoo

time2 hours ago

  • Yahoo

Scammers are Targeting PG&E Customers at an Alarming Rate, Here's What You Need to Know to Not Fall Victim

Customers report losses of over $190,000 during 2025 OAKLAND, Calif., June 25, 2025 /PRNewswire/ -- Utility scams have continued at an alarming rate during 2025, with Pacific Gas and Electric Company (PG&E) customers reporting over $190,000 in losses to scammers. To stop this trend, PG&E is committed to helping customers recognize the signs of a scam and avoid falling victim. A typical sign of a scam targeting a utility customer includes a caller claiming to be from PG&E and threatening disconnection if immediate payment is not made via a pre-paid debit card, digital payment mobile application, or other methods of money transfer. As a reminder, PG&E will never send a single notification to a customer within one hour of a service interruption and will never ask customers to make payments with a pre-paid debit card, gift card, any form of cryptocurrency, or instant mobile payment applications, like Zelle® or Venmo. "Scammers seek to create a sense of panic, threatening disconnection of utility services if immediate payment is not made. If a phone call, visit to your home, or email doesn't feel right, don't fall for it. Hang up, shut the door, and do not respond to the email," said PG&E Cybersecurity Risk Manager Amy Lucido. "Remember, PG&E will never ask for your financial information over the phone or via email, nor will we request payment via pre-paid debit cards or other methods of money transfer, including mobile applications." So far this year, PG&E has received over 10,000 reports of scams targeting residential and business customers with customers reporting losses of over $190,000. The average scam victim lost over $900, and over 200 customers have reported falling victim. This number is likely just the tip of the iceberg however, as many scams go unreported. Business customers are also not immune from scam attempts. In fact, PG&E has received 250 reports of scams targeting small and medium-sized businesses this year, and these attempts frequently occur during busy business hours when scammers hope to catch unsuspecting victims while they are distracted or stressed. Scammers can be convincing and often target those who are most vulnerable, including senior citizens and low-income communities. They also aim their scams at small business owners during busy customer service hours. However, with the right information, customers can learn to detect and report these predatory scams by visiting or by calling 1-833-500-SCAM. Signs of a potential scam Threat to disconnect: Scammers may aggressively demand immediate payment for an alleged past due bill. Request for immediate payment: Scammers may instruct the customer to purchase a prepaid card, then call them back supposedly to make a bill payment. Request for prepaid card: When the customer calls back, the caller asks the customer for the prepaid card's number, which grants the scammer instant access to the card's funds. Refund or rebate offers: Scammers may say that your utility company overbilled you and owes you a refund, or that you are entitled to a rebate, and ask you for your personal financial information. Scammers Impersonating Trusted Phone Numbers: Scammers are now able to create authentic-looking 800 numbers which appear on your phone display. The numbers don't lead back to PG&E if called back, however, so if you have doubts, hang up and either log into your account at to confirm your bill details or call PG&E at 1-833-500-SCAM. If customers ever feel that they are in physical danger, they should call 911. How customers can protect themselves Customers should never purchase a prepaid card to avoid service disconnection or shutoff. PG&E does not specify how customers should make a bill payment and offers a variety of ways to pay a bill, including accepting payments online, by phone, automatic bank draft, mail or in person. If a scammer threatens immediate disconnection or shutoff of service without prior notification, customers should hang up the phone, delete the email, or shut the door. Customers with delinquent accounts receive an advance disconnection notification, typically by mail and included with their regular monthly bill. Signing up for an online account at is another safeguard. Not only can customers log in to check their balance and payment history, they can also sign up for recurring payments, paperless billing and helpful alerts. Customers can also call PG&E Customer Service at 800-743-5000 to confirm their bill details and current amount due. Customers who suspect that they have been victims of fraud, or who feel threatened during contact with one of these scammers, should contact local law enforcement. The Federal Trade Commission's website is also a good source of information about how to protect personal information. For more information about scams, visit or About PG&EPacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit and View original content to download multimedia: SOURCE Pacific Gas and Electric Company Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store