HomeEverything
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
← All Stories

Ford Recalls Over 741,000 US Vehicles for Park System Defect

Created at 30 Jun · 7:23 AM1 source↑ Market-relevant
IN SHORT

Ford is recalling 741,195 vehicles in the U.S. due to a transmission defect that could damage the park system, potentially leading to vehicle rollaways, according to the NHTSA.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

741,195vehicles recalled in the U.S.

Who's Involved

Ford
automaker issuing the recall
U.S. National Highway Traffic Safety Administration
agency announcing the recall
Ford Recalls Over 741,000 US Vehicles for Park System Defect

↳ Why This Matters

This recall affects a significant number of Ford vehicles, highlighting a potential safety risk of unintended vehicle movement, which could lead to accidents and injuries.

Key facts

  • Ford is recalling 741,195 vehicles in the U.S.
  • The defect involves the transmission and park system.
  • A damaged park system could lead to a vehicle rollaway.
  • The U.S. National Highway Traffic Safety Administration announced the recall.

Ford is initiating a recall of 741,195 vehicles in the United States due to a defect in the transmission system that could compromise the park mechanism. The U.S. National Highway Traffic Safety Administration (NHTSA) stated that this issue may lead to damage to the park system, increasing the risk of a vehicle rolling away unintentionally.

Details regarding customer reviews and dealership interactions on Ford's support website were also provided, though they are not directly related to the recall's technical cause or scope.

Frequently asked questions

Ford is recalling vehicles due to a transmission defect that may damage the park system, potentially causing a vehicle rollaway.

A total of 741,195 vehicles in the U.S. are subject to this recall.

The U.S. National Highway Traffic Safety Administration (NHTSA) announced the recall.

What Happens Next

01Ford will notify owners of affected vehicles.
02Dealerships will repair the transmission park system.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

Ford is recalling 741,195 vehicles in the U.S.
The recall is due to a transmission defect that may damage the park system.
The defect could result in a vehicle rollaway.

Sources

T1
Ford to recall over 741,000 US vehicles due to park system issue, NHTSA saysReuters
T2
Ford Recalls | Ford Owner Supportford.com

Related Stories

Comcast to spin off NBCUniversal and Sky into separate companies
29 Jun · 10:13 AM
Buffett delays multibillion-dollar Gates Foundation donation amid Epstein review
30 Jun · 2:28 AM
Stellantis extends Fiat 500 factory stoppage due to parts shortages
29 Jun · 4:01 PM
Volkswagen CEO eyes power shift with deeper job cuts
29 Jun · 11:18 AM
Martin Marietta to merge with Lhoist North America in $13.5 billion deal
29 Jun · 10:56 AM