Ford Motor is discontinuing a “controversial” dealership initiative for electric vehicles, which at first required store owners to invest up to $1 million in cash in order to sell EVs.
Read More Ford Ends Electric Vehicle Dealership Program, Citing ‘Less Demand’ Than Anticipated
The National Highway Traffic Safety Administration (NHTSA) has begun an investigation into Ford Motor’s hands-free driving technology called “BlueCruise” that comes equipped in vehicles. Reportedly, the tech has prompted at least two accidents involving Mustang Mach-E SUVs hitting parked cars.
Read More Feds Probe 130,000 Ford Mustang Mach-Es Over Hands-Free Tech Crashes
Ford said it was recalling 2.24 million older Explorer sport utility vehicles because trim retention clips may not be properly engaged.
Read More Ford recalls 2.24 million Ford Explorer SUVs over trim-retention clips
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
Read More Wall Street ends down as US retail sales data crimps rate cut bets