Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Ford Motor Co. announced on Monday, June 28, that it would be recalling some units of its F-150 Lightning pickup trucks. The company said the total number of the affected vehicles is 2,900.
As per Reuters, out of the 2,900 recalled Ford F-150 trucks, 2,666 were sold in the United States and 220 in Canada. At the time of the notice, there are no reports of injuries or accidents yet related to the recall.
Ford Motor stated that a defect had been detected on the said pickup truck model. There is a problem with the software that may result in a failure to provide the driver with an appropriate warning of low tire pressure.
It was explained that the pickup’s tire pressure monitoring system (TPMS) light might not light up at times that it was supposed to. When this happens, it may not be able to warn the driver about any low tire inflation pressure as the recommended tire cold inflation pressure value was not properly set to 35 psi. Ford Motor said that the correct inflation pressure should be 42 psi.
This issue may lead to poor vehicle handling, and there is a possibility for the driver to lose control of the vehicle, which increases the risk of a crash. For the remedy, Ford Motor will update the Body Control Module (BCM) software of the affected F-150 Lightning pickup trucks.
The update is said to be available via an over-the-air update in 30 days. For the units that were not delivered yet, authorized dealers will update the software to fix the issue before turning over the trucks to customers. It was mentioned that this recall on the F-150 is the first for the Ford Motor electric pickup truck lineup.
Inside EVs mentioned that the Ford Motor recall affects the units with 20” or 22” all-season tires. The Dearborn, Michigan-headquartered automobile manufacturer encourages owners of the trucks to check if their tire pressure matches the values indicated on the Tire and Loading Information label that can be found inside the driver-side front door jamb.
Finally, Ford Motor already started sending out recall notifications to customers through email and the FordPass mobile app. Vehicle owners can avail of the software update from dealers, and this will only take mere 20 minutes to complete.
