Latest news with #VehicleRecall
Bloomberg
16-07-2025
- Automotive
- Bloomberg
Stock Movers: Johnson & Johnson, Ford, United Airlines
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Isabelle Lee. - Johnson & Johnson (JNJ) shares jumped the most since March 2020 after the pharma giant boosted its sales forecast for the full year. J&J's strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could 'probably' come at the end of the month, starting low and working their way up. A week earlier, Trump told reporters he would impose tariffs as high as 200% on drug companies if they don't shift more of their manufacturing to the US over the next year to 18 months. - Ford (F) shares slid on word it's recalling almost 700,000 vehicles to address a long-running issue over cracking in an auto part that can leak fuel into the engine and cause fires. The action applies to certain Bronco Sport and Escape models from 2020 to 2024, according to documents posted on the National Highway Traffic Safety Administration website. Ford has identified eight instances where cracking in a fuel injector led to a fire under the car's hood. None of these resulted in injuries. - United Airlines (UAL) refined its profit outlook for this year after travel rebounded from flight disruptions, trade tensions and fighting in the Middle East conflict. The carrier now expects full-year adjusted earnings of $9 to $11 a share, United said in a statement on Wednesday that included second-quarter results that exceeded analysts' expectations. The Chicago-based carrier joined Delta Air Lines Inc. in offering an improving view for the year, citing a double-digit acceleration in business demand so far this month compared with the second quarter.
Daily Mail
19-06-2025
- Automotive
- Daily Mail
Ford issues six recalls in one day for half a million cars
Ford is asking drivers to return to the dealership mechanic. Again. The Detroit automaker issued six recalls on Monday, according to a bulletin from the National Highway Traffic Safety Administration. It's the latest in a yearslong stream of recalls for the car company. Overall, 534,755 vehicles — including some of America's best-selling models — are impacted by the recalls. The largest recall involves 304,662 Ford Explorer and Lincoln Aviator SUVs built between 2020 and 2025. The six and seven passenger SUVs may have a faulty part in the second row, possibly resulting in seats 'unlatching, folding, or sliding unexpectedly while driving.' Ford is also recalling 197,432 Mustang Mach-E models sold between 2021 and 2025 after investigators found a problem with the 12V battery. If the accessory battery runs low, it risks 'trapping someone who is unable to use the inside door release handles.' Another 276 Mach-Es risk rolling away after the driver puts the car in park. Another 27,768 four-door Bronco SUVs were recalled for a potentially faulty child safety lock. An additional 2,272 Broncos might have an issue with airbags deploying, and 2,345 F-Series trucks risk brake failure. Ford has issued 78 recalls so far this year , far more than any other automaker. The next five most-recalled brands — Chrysler, Volkswagen, Mercedes-Benz, General Motors, and Honda — have just 67 recalls combined. This year's Ford recalls span a range of issues, including powertrain fixes, technical reboots , seatbelt realignments, and backup camera adjustments. In a 2024 earnings call, Ford CEO Jim Farley said the company spent $4.8 billion annually on recalls. The top boss unveiled a 'build and hold' model for several US-built models. After the products finished rolling through Ford assembly plants, the car company held trucks in giant parking lots, allowing engineers to assess their build quality. Farley said the new process helped the company avoid 12 safety and technical recalls. It also temporarily cut into profits . 'Our earnings may be a little lumpy,' he said during an April 2024 earnings call. 'What we're going to see long term is fewer recalls and lower warranty costs because of this new process.'
