Ford Motor Company (NYSE: F) reportedly recalled 870,000 F-150 trucks in the United States Friday wing to the activation of the electric parking brake due to a possible wiring issue.
The Ford F-150 is the best-selling vehicle in the United States that has sold more than any other make and models for 46 consecutive years.
The F-150 has been popular among millionaires, in a study that was found in a study by MaritzCX.
Ford had introduced the F-150 Lightning, an EV version that is one of few EV trucks currently in the market that competes with the Rivian R1T and the GMC HummerEV truck.
The Chevrolet Silverado, Tesla Cybertruck, and Ram 1500 REV are expected to enter the marketing either next year or in the next two years.
The Ford F-150 has been popular among companies for its durability as work trucks, also including families who needed to haul boats and home improvements.
The F-150 has been number one among other truck owners and have competed well against other popular full-size trucks including the Chevrolet Silverado, the Ram 1500, the Toyota Tundra, and the Nissan Titan.
The popular full-size pick up is Ford’s number one cash cow that has produced a profit for the company including other popular models such as the Mustang, the Explorer, and the Bronco.
The F-150 has lived up to the Ford’s slogan in the truck segment, “Built Ford Tough.”
The recall covers F-150 trucks from 2021 through 2023, Reuters reported, citing a filing with the National Highway Traffic Safety Administration (NHTSA).
It covers trucks equipped with a single exhaust system, the report added.
Ford has received 918 warranty claims and three field reports for the wire chafing condition in North America, Reuters noted.
Of those, 299 indicated the electric parking brake had been triggered unintentionally, including 19 while driving.
The report added that Ford t is not aware of crashes or injuries related to the recall.
Ford reported second-quarter revenue of $45 billion, which was up 12% year-over-year. The revenue came in ahead of a Street consensus estimate of $40.38 billion.
“Ford says the parking brake may become activated on its own while driving without the driver doing anything. No crashes or injuries have been reported so far. Owners can expect a letter in Sept,” said Jessica Harrington in a tweet, a reporter from ABC30 in Fresno, California.
Owners of the F-150s will be notified by mail by September 15 and will be asked to take their vehicles to be inspected by the Ford dealership.
Reimbursements will be provided to F-150 owners who have already made replacements.
Ford has not mentioned any issues related to the body-on-frame SUV, the Ford Expedition, which shares the same chases as the F-150.
Ford F-150 owners can contact Ford customer service at 1-866-436-7332 or visit Ford’s recall site here.
Produced in association with Benzinga
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