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USA Today
7 days ago
- Automotive
- USA Today
5 new Ford recalls announced: See impacted models
5 new Ford recalls announced: See impacted models Show Caption Hide Caption Car recalls: Why they happen and what buyers should know Why do car recalls happen? Here's what to know if your car has an open recall. Ford Motor Company recently issued multiple recalls, affecting over 42,000 vehicles, for issues that can potentially increase the risk of fires and crashes, according to the National Highway Traffic Safety Administration (NHTSA). The NHTSA lists the recalls, which the Dearborn, Michigan-headquartered automaker reported to the federal government agency on May 27. Affected vehicles include various SUV models, such as some Broncos, F-150s and Escapes. Here are the reasons behind the recalls, the affected models and the provided remedies from Ford. Check car recalls here: Ford, Volkswagen, Ram among recent vehicles recalled Ford recalling some Nautilus vehicles Ford recalled 30,679 2024 Nautilus vehicles, the NHTSA said on May 27. According to the federal agency, the multimedia module software on the affected cars may cause the panoramic and center displays to reboot, resulting in a blank screen and a subsequent loss of view of the speedometer and warning lights, thus increasing the risk of a crash, NHTSA reported. A missing rearview camera can reduce visibility of what is behind a vehicle, which also increases the risk of a crash. The software will be updated by a dealer or through an over-the-air update, which will be free of charge. Owner notification letters are expected to be mailed on June 16. The recall number is 25C21. Ford recalling some F-150 vehicles Ford recalled 192 2022 F-150 Lightning BEV vehicles equipped with 20-inch or 22-inch all-season tires that were repaired incorrectly under recall 22V-453. The tire pressure monitoring system light may not illuminate, failing to warn the driver of low tire pressure, which increases the risk of a crash. Dealers will update the vehicle's software and fix the issue free of charge, the NHTSA said. Owner notification letters are expected to be mailed on June 23. Ford's number for this recall is 25C20. Ford recalls over 1M vehicles: See affected models with camera issues 4 Ford SUV models recalled due to fire risk Ford recalled 6,781 vehicles due to the possibility that their engines may overheat and catch fire when the cars are parked with their block heater plugged in, NHTSA reported. Vehicles affected in this recall are: 2024-2025 Lincoln Nautilus 2023-2025 Escape 2023 Lincoln Corsair 2025 Lincoln Corsair, Maverick, and Bronco Sport vehicles equipped with a 1.5L or 2.0L MPC engine and an engine block heater. The NTHSB reported that the engine block heater may overheat when the car is parked with the block heater plugged in. Dealers will replace the engine block heater element and inspect the electrical cord free of charge, or replace it if necessary. Owner notification letters are expected to be mailed on June 6. Ford's number for this recall is 25S52. Ford recalls some newer model Transit, Explorer and F-150 vehicles Ford recalled 154 Transit, F-150 and Explorer vehicles due to a damaged engine that could result in engine failure and a crash. The three affected models are 2025. "The connecting rod and rod bearing components may have manufacturing defects that can lead to engine damage and engine failure," the NTHSB said. The remedy is under development, according to the NTHSB. Owner notification letters are expected to be mailed on June 9. Ford's number for this recall is 25S55. Ford recalls 3 SUV models due to possible engine failure Ford recalled 1,797 of its SUV models due to possible engine failure, which may increase the risk of fire and injury. In the event of an engine failure, engine oil and fuel vapor can be released into the engine and accumulate near ignition sources, including a hot engine or exhaust components, according to the NHTSB. Vehicles affected in this recall are: 2020-2023 Escape 2021-2023 Corsair 2022-2023 Maverick. The vehicles are equipped with 2.5L HEV or PHEV engines repaired incorrectly under recall 23V380. Owners are advised to park and shut off the engine as quickly as possible if they hear unexpected engine noises, notice a reduction in vehicle power, or see smoke. Dealers will update the powertrain control module software free of charge, NHTSB said. Ford's number for this recall is 25S54. Anyone with additional questions about the recalls can call Ford customer service at 1-866-436-7332. Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@ and follow her on X @nataliealund.
Yahoo
28-03-2025
- Business
- Yahoo
Is Zomedica Corp. (ZOMDF) the Cheapest Stock Insiders Are Buying In March?
We recently published a list of . In this article, we are going to take a look at where Zomedica Corp. (OTCQB:ZOMDF) stands against other cheapest stocks insiders are buying in March. After solid gains Monday, the broader market index and blue chip companies traded flat Tuesday, while the NASDAQ Composite rose 0.2%. Monday's enthusiasm came from hopes of looser U.S. tariffs. Investors mostly ignored the March consumer confidence data released on Tuesday, which showed a sharp decline in U.S. consumers' short-term outlook on income, business, and job conditions, reports CNBC. 'Sentiment continues to wane among investors, consumers and businesses as economic concerns and economic policy uncertainty takes its toll,' said Bret Kenwell, U.S. investment analyst at eToro. 'Until there's more certainty on the tariff and macro front, sentiment and confidence remain vulnerable.' As investors navigate daily market changes, uncertainty remains a persistent factor. Insider trading tends to attract attention during these periods, as purchases of company stock by executives may suggest optimism about the company's future. However, insider selling doesn't necessarily signal a lack of confidence—it could simply be for personal financial reasons or to diversify holdings. Many executives use pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it's important to evaluate it alongside a company's financial stability, broader market trends, and industry dynamics. What are some of the cheapest stocks insiders have been buying this month so far? To find out, we used Insider Monkey's insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 10 stocks with the lowest average price per share. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). With each stock, we note the average price per share of these purchases and the stock's market capitalization. A veterinarian in a veterinary clinic examining a companion animal. Market Capitalization: $66.64 million Zomedica, a veterinary health company, ranks first among the 15 cheapest stocks insiders are buying in March. The Ann Arbor, Michigan-headquartered company develops diagnostic and therapeutic products for companion animals. Its offerings include diagnostic platforms like TRUFORMA and TRUVIEW, as well as therapeutic products such as PulseVet and Assisi Loop devices for pain and inflammation treatment. The company also collaborates with Celsee, Inc. and Seraph Biosciences, Inc. to develop advanced diagnostic and pathogen detection solutions. For the full year 2024, Zomedica disclosed revenue of $27.3 million, compared to $25.2 million for 2023. Operating expenses were $70.1 million, including a full year of expenses related to Qorvo Biotechnologies, compared to $60.6 million the previous year. Research and development expenses amounted to $7.3 million, compared to $5.8 million for 2023. Net loss was $47.0 million, which compares to a net loss of $34.5 million in 2023. In March, eight insiders, including the CEO, COO, and CFO, acquired approximately $279,286 worth of Zomedica shares at an average price of $0.07 per share. Currently, the stock trades at $0.068, having declined 43.33% year-to-date and 50.72% over the past 12 months. According to TipRanks, one Wall Street analyst has rated Zomedica stock as a 'Moderate Buy' with a price target of $0.25 per share. The average price target suggests a potential upside of 284.62% from the latest price. Overall, ZOMDF ranks 1st on our list of cheapest stocks insiders are buying in March. While we acknowledge the potential of ZOMDF our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ZOMDF but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
21-02-2025
- Business
- Yahoo
Frisch's ex-landlord: 28 former Big Boys rented to new restaurant
Could Greater Cincinnati recoup more than two dozen of its lost Big Boy restaurants this spring? The former landlord of Frisch's Big Boy, a Florida real estate company indicated last week in a corporate filing that it was still in the eviction process for 64 properties for the beleaguered diner operator. But the company, Orlando-based NNN Reit, added it had taken back possession of more than half those locations, '28 of which properties have been re-leased to another restaurant operator with rent commencing May 1.' The filing appears to confirm a claim by Frisch's last week that Michigan-based Big Boy plans to reopen dozens of its restaurants shuttered via eviction since October. The date in the filing indicates the restaurants could open this spring. In a lawsuit filed last week, Frisch's objected to those plans, claiming they would violate its 2001 contract with Southfield, Michigan-headquartered Big Boy that gives it 'exclusive, perpetual, and irrevocable rights to operate restaurants under the name 'Big Boy,'' in Kentucky, Indiana and most of Ohio and Tennessee. Frisch's has asked for an emergency court order to stop Big Boy from opening the rival restaurants in its 'exclusive territory,' according to the lawsuit filed in U.S. District Court in Cincinnati. Officials with NNN Reit, Frisch's and Big Boy did not return messages seeking comment. The Feb. 11 filing with the U.S. Securities and Exchange Commission doesn't name the incoming concept. But the lawsuit said Frisch's discovered the Michigan company's plans after looking into the venture that was originally advertised for workers as 'Dolly's Burgers and Shakes." An investigator for Frisch's applied for one of the jobs and was told the new restaurants would actually be Big Boys, according to the lawsuit. The court battle pits Frisch's against Big Boy Restaurant Group, the successor of the famed Elias Brothers Big Boy franchise that also acquired the original Big Boy brand founded in California. The Michigan-based Big Boy menu features breakfast, burgers and shakes, just like Frisch's, but there are variations: its hot fudge cake is served with ice cream; and its signature hamburger has "Big Boy" sauce, not tartar sauce. The menu also has items not featured at Frisch's, such as veal parmesan, chicken stir-fry and a pot roast dinner. One big omission: no goetta. As of late December, NNN Reit succeeded in forcing Frisch's to close more than 65 locations throughout Ohio, Kentucky and Indiana, including more than half of the locations in Greater Cincinnati. As of Friday, Frisch's Big Boy listed 31 locations in Ohio, Kentucky and Indiana on its 'Here to Stay' website that originally listed more than 50 stores when it was posted in December. Early last year, Frisch's had more than 80 locations in Ohio, Kentucky and Indiana before trimming five restaurants in spring. As recently as 2015, Frisch's Big Boy had 121 locations when it was acquired by the Atlanta-based investment firm for $175 million. Since October, Frisch's has seen a wave of closures in its dispute with NNN Reit. On Oct. 23, Frisch's disclosed it would close an unspecified number of restaurants due to "unforeseen circumstances." Court records revealed Frisch's faced eviction from "more than 20" properties in Southwest Ohio alone. Records also showed NNN Reit claims Frisch's owed more than $4.5 million in rent. This article originally appeared on Cincinnati Enquirer: New restaurant operators takes over 28 old Frisch's Big Boy locations
