Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

Ford recalls 42K trucks over defect in axle shaft

EditorHari G
Published 08/31/2023, 10:46 AM
© Reuters.  Ford (F) recalls 42K trucks over defect in axle shaft

Ford (NYSE:F) has issued a recall for nearly 42,000 2023 Super Duty F250 and F350 trucks after a mechanical issue was found affecting the vehicle’s rear axle shaft.

According to documents from the National Highway Traffic Safety Administration (NHTSA) the left rear axle shaft on affected models "may have been improperly heat-treated" during manufacturing and may break.

A fractured axle shaft has the potential to lead to a "loss of drive power or vehicle rollaway" upon engaging the park position in the truck. The National Highway Traffic Safety Administration states that both of these situations have the potential to elevate the likelihood of a collision.

According to Ford's defect notice to NHTSA, the failures were brought to Ford's attention on Aug. 10th after the Kentucky Truck Plant identified the problem through monitoring of warranty claims.

"Two axle shafts returned through warranty were sent to Ford's metallurgical lab for failure analysis," the report said. "Laboratory analysis determined that the axle shafts did not meet Ford’s torsional yield and case depth design specifications in the fractured area. Each of the warranty returned parts had fractured at approximately 44 mm from the flange, indicating an area of incomplete induction heat treatment."

Ford is required to send truck owners a notification letter, which is expected to be mailed on Oct. 16th.

Shares of F are up 1.04% in mid-day trading on Thursday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.