Volvo Issues Urgent Brake Failure Warning for EVs and Plug-In Models, and a Video Shows the Danger
Prolonged use of regenerative braking (more than 1 minute and 40 seconds consecutively) may result in the friction brakes completely losing stopping power.
The warning follows a June 12 recall for 11,469 vehicles, approximately 1000 of which had not completed the over-the-air fix by July 15.
Volvo sent out an urgent brake failure warning for its plug-in hybrid and electric models, which in some cases stretch back to the 2020 model year. The new notice comes in direct response to a recall filed by Volvo on June 12, for 11,469 vehicles—approximately 1000 of which have not downloaded the over-the-air fix by July 15. The new notice includes a "Do Not Drive" warning for owners who haven't downloaded the over-the-air update for the June recall.
Volvo's EVs, including the 2023 C40, 2025 EC40, and the 2023-2024 XC40, are listed in the recall documents. Volvo's plug-in models are also affected, including the 2025–2026 EX40, 2023–2025 S60, 2025 S90, 2022–2026 XC60, 2024–2025 V60, and the 2020–2026 XC90.
According to the new warning, continuous use of the regenerative braking function—one minute and 40 seconds consecutively—can result in a total loss of brake function. To avoid the issue, Volvo and NHTSA are advising drivers to turn off "B" mode in plug-in models and one-pedal mode in EVs.
According to Volvo, one serious incident has been confirmed and was caught on camera (shown above).
You Might Also Like
Car and Driver's 10 Best Cars through the Decades
How to Buy or Lease a New Car
Lightning Lap Legends: Chevrolet Camaro vs. Ford Mustang!
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
As Trump Says He Wants Tesla to ‘THRIVE,' How Should You Play TSLA Stock?
The on-again, off-again relationship between President Donald Trump and Tesla (TSLA) CEO Elon Musk witnessed a new plot twist when Trump posted on Truth Social that 'I want Elon, and all businesses within our Country, to THRIVE.' This is a startling development, to say the least, considering the very public nature of their fallout, which was sour for all involved. Musk had been quite vocal about his opposition to Trump's 'One Big Beautiful Bill Act,' arguing it would only add to the country's mounting debt. And specifically hurting Tesla is the removal of $7,500 tax credits on EV purchases, a stipulation of the tax-and-spending legislation. More News from Barchart Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold As Nvidia Gets Ready for New China H20 Shipments, How Should You Play NVDA Stock? As SoFi Raises 2025 Guidance, Should You Buy, Sell, or Hold SOFI Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! So, amid all the noise around Tesla, is the company's stock (-21.7% YTD) still one that warrants an investment? Let's find out. Q2 Was Somewhat Pleasant Revenues for the quarter came in at $22.5 billion, down 12% from the previous year. Core automotive revenues again slipped on a YOY basis, this time by 16% to come in at $16.7 billion, as competitive pressure and Musk's political activities continued to put pressure on sales. The energy segment witnessed a less sharp fall of 7% in the same period to $2.8 billion. The gross margin remained almost flat at 17.2% compared to the previous year's 18%, which provided some comfort. Total production was at 410,244 vehicles (vs. 410,831 in the year-ago period) while total deliveries fell by 13% in the same period to 384,122 vehicles, against expectations of 387,000, per FactSet. Meanwhile, Tesla reported EPS of $0.40, which represented a yearly decline of 23%. Tesla continued to remain cash flow positive, although its cash flow declined alongside revenue and earnings. Net cash from operating activities for the quarter was at $2.5 billion (-30% YOY), and free cash flow was at $146 million (-89% YOY). Overall, the company closed the quarter with a cash balance of $36.8 billion, up 20% from the previous year. This was much above its short-term debt levels of $15.2 billion. Yet, what remains a cause of worry for Tesla investors is Musk's recent remarks during the latest earnings call. Downbeat Comments Cloud Long-Term Growth? My thoughts on Tesla have been consistently cautiously optimistic, with the company's long-term prospects sounding quite convincing, driven by artificial intelligence, Full-Self Driving (FSD), robotics, and energy, among others. However, Musk's revelation that the EV leader will likely face 'a few rough quarters' is concerning. Yet, what is even more worrying is his acknowledgement that the company's outsized bets on humanoid robots is still a long way from contributing to the company's bottom line. This draws a question mark over other businesses as well, hurting its overall value, considering that most of the bullishness around Tesla is primarily due to the expectations that its operations in the above-mentioned businesses will create massive wealth for shareholders in the long run. Specifically on robotics, Tesla has publicly shared a detailed time horizon for its robotics ambitions, with the Optimus 3 prototype slated to be ready by late 2025. Production ramp‑up is expected to begin in early 2026, targeting monthly volumes of 100,000 units within five years, scaling to one million annually by 2030, and eventually aspiring toward a long‑term goal of 1 billion robots per year. That said, Tesla's track record of meeting Musk's ambitious timelines has been inconsistent. A prominent example dates back to his 2019 assertion that 1 million robotaxis would be operational by 2020. Reality diverged substantially. Robotaxis just launched in Austin in a limited pilot in June 2025. However, the opportunity remains as scaling beyond a company-owned fleet is essential to unlock true network effects for the robotaxi business. With millions of Teslas already on the road, the company could enable private owners to contribute vehicles to the robotaxi platform, a monetization opportunity few other automakers can match. Meanwhile, Tesla's in‑house AI training infrastructure is also evolving rapidly. The Dojo 2 supercomputer, expected in 2026, is projected to deliver computing power equivalent to roughly 100 000 H100 GPUs. Built for vision-centric workloads essential to autonomy and robotics, it supports large‑scale real‑world simulation. Tesla is already working toward hardware convergence across edge and cloud, from Dojo servers to on‑device chips, with next‑generation AI6 and Dojo 3 already in early planning stages. Overall, this combination of proprietary data, in‑house chip design, scalable compute infrastructure, and integrated deployment gives Tesla full control over the AI stack. It enables scaling from fleet data to trained models to real-world applications, a vertically integrated strategy that few companies can replicate. Analyst Opinions on TSLA Stock Taking all of this into account, analysts have deemed the TSLA stock a 'Hold,' with a mean target price of $299.94, which has already been surpassed. However, the high target price of $500 denotes upside potential of about 56% from current levels. Out of 41 analysts covering the stock, 12 have a 'Strong Buy' rating, two have a 'Moderate Buy' rating, 17 have a 'Hold' rating, and 10 have a 'Strong Sell' rating. On the date of publication, Pathikrit Bose 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
Yahoo
24 minutes ago
- Yahoo
Ford trims full-year profit view as tariffs weigh
-- Ford Motor Company (NYSE:F) lowered its full-year earnings outlook due to a $2 billion net headwind from tariffs. Shares of the company were down 3% in aftermarket trading. The company now expects adjusted EBIT of $6.5 billion to $7.5 billion for 2025, down from its earlier range of $7 billion to $8.5 billion. The new forecast reflects a $3 billion hit from tariffs, which is partially offset by $1 billion in recovery automaker topped quarterly profit and revenue estimates on strong performance across its business segments. Second-quarter earnings came in at 37 cents per share, beating analysts' average estimate of 31 cents. Revenue rose to $50.18 billion, ahead of expectations for $45.29 billion. CEO Jim Farley said the company's Ford+ strategy along with Ford Pro and Ford Blue contributing to both revenue and margin growth. Ford Model e, the EV division, is making efficiency gains, and the company said in its earnings release that it plans to unveil more on its next-generation electric vehicles at an event in Kentucky on August 11. Ford CFO Sherry House said the company has posted its fourth consecutive quarter of year-over-year cost improvements, excluding tariff impacts, and continues to strengthen its balance sheet. Related articles Ford trims full-year profit view as tariffs weigh Apollo economist warns: AI bubble now bigger than 1990s tech mania If Powell goes, does Fed trust go with him?
Yahoo
24 minutes ago
- Yahoo
Rush Enterprises (NASDAQ:RUSHA) Beats Q2 Sales Targets
Commercial vehicle retailer Rush Enterprises (NASDAQ:RUSH.A) reported Q2 CY2025 results exceeding the market's revenue expectations , but sales fell by 4.8% year on year to $1.93 billion. Its GAAP profit of $0.90 per share was 12.5% above analysts' consensus estimates. Is now the time to buy Rush Enterprises? Find out in our full research report. Rush Enterprises (RUSHA) Q2 CY2025 Highlights: Revenue: $1.93 billion vs analyst estimates of $1.90 billion (4.8% year-on-year decline, 1.6% beat) EPS (GAAP): $0.90 vs analyst estimates of $0.80 (12.5% beat) Adjusted EBITDA: $127.8 million vs analyst estimates of $156.2 million (6.6% margin, 18.2% miss) Operating Margin: 5.7%, in line with the same quarter last year Market Capitalization: $4.25 billion 'The second quarter of 2025 continued to present challenges for commercial truck operators and the broader industry that supports them. While there have been sporadic signs of recovery from the freight recession that has impacted over-the-road carriers for more than two years, freight rates remain depressed, and overcapacity persists. In addition, ongoing economic uncertainty, particularly around U.S. trade policy and its potential impact on the supply chain and overall economy, combined with a lack of clarity regarding engine emissions regulations, has led many customers to delay vehicle acquisition and maintenance decisions,' said W.M. 'Rusty' Rush, Chairman, Chief Executive Officer and President of Rush Enterprises, Company Overview Headquartered in Texas, Rush Enterprises (NASDAQ:RUSH.A) provides truck-related services and solutions, including sales, leasing, parts, and maintenance for commercial vehicles. Revenue Growth Reviewing a company's long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, Rush Enterprises grew its sales at a decent 8.1% compounded annual growth rate. Its growth was slightly above the average industrials company and shows its offerings resonate with customers. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Rush Enterprises's recent performance shows its demand has slowed as its revenue was flat over the last two years. We can better understand the company's revenue dynamics by analyzing its most important segments, Vehicles and Aftermarket, which are 61.7% and 33% of revenue. Over the last two years, Rush Enterprises's Vehicles (new and used commercial trucks) and Aftermarket (parts and services) revenues were flat. This quarter, Rush Enterprises's revenue fell by 4.8% year on year to $1.93 billion but beat Wall Street's estimates by 1.6%. Looking ahead, sell-side analysts expect revenue to grow 3.9% over the next 12 months. Although this projection implies its newer products and services will spur better top-line performance, it is still below the sector average. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Operating Margin Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. Rush Enterprises was profitable over the last five years but held back by its large cost base. Its average operating margin of 6.1% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point. On the plus side, Rush Enterprises's operating margin rose by 1.1 percentage points over the last five years, as its sales growth gave it operating leverage. This quarter, Rush Enterprises generated an operating margin profit margin of 5.7%, in line with the same quarter last year. This indicates the company's cost structure has recently been stable. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Rush Enterprises's EPS grew at an astounding 23.4% compounded annual growth rate over the last five years, higher than its 8.1% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. We can take a deeper look into Rush Enterprises's earnings quality to better understand the drivers of its performance. As we mentioned earlier, Rush Enterprises's operating margin was flat this quarter but expanded by 1.1 percentage points over the last five years. On top of that, its share count shrank by 3.1%. These are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Rush Enterprises, its two-year annual EPS declines of 11.3% mark a reversal from its (seemingly) healthy five-year trend. We hope Rush Enterprises can return to earnings growth in the future. In Q2, Rush Enterprises reported EPS at $0.90, down from $0.97 in the same quarter last year. Despite falling year on year, this print easily cleared analysts' estimates. We also like to analyze expected EPS growth based on Wall Street analysts' consensus projections, but there is insufficient data. Key Takeaways from Rush Enterprises's Q2 Results We enjoyed seeing Rush Enterprises exceed analysts' Aftermarket revenue expectations this quarter. We were also happy its EPS outperformed Wall Street's estimates. On the other hand, its EBITDA missed. Overall, this was a weaker quarter. The stock remained flat at $53.12 immediately following the results. Is Rush Enterprises an attractive investment opportunity at the current price? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. 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
