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Ford recalls 277,000 Super Duty trucks over foggy rear-view camera

Ford has issued a recall that applies to around 277,000 units of the Super Duty pickup built between the 2017 and 2020 model years. The campaign also includes about 13,000 units of the Lincoln Continental, and it aims to fix an issue that makes the rear-view camera foggy. Assigned recall number 22V-644 by the National Highway Traffic Safety Administration (NHTSA), the recall includes 139,131 units of the F-250, 109,960 units of the F-350, 14,830 units of the F-450, and 13,119 units of the Continental. The affected trucks are all fitted with the Ultimate Trailer Tow Camera system and were built between November 12, 2015, and March 10, 2020, while the affected Lincoln models are equipped with the 360-degree camera and were made from November 30, 2015 to March 10, 2020.  Ford explains "degradation of the coating on an internal rear-view camera lens can lead to a progressively foggy or cloudy image." It adds ultraviolet radiation causes the problem and that this issue increases the risk of an accident, though it's not aware of accidents or injuries. Owners of affected cars and trucks who have already paid to get the issue fixed have until September 30, 2022, to ask Ford for a refund. The company will begin notifying customers about the recall by mail on September 12, 2022, and it will ask them to take their vehicle to the nearest authorized dealer to get the rear-view camera replaced free of charge. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Restoring Headlights | Autoblog Details | Complete Detail Bonus

Bill Ford augments his power by nearly doubling stake of supervoting shares

Bill Ford Jr. has more sway than ever over the automaker that bears his surname, as the great-grandson of Ford's founder has reportedly doubled is holdings of Class B Ford stock. According to a report from Reuters (which cites a newly discovered securities filing), he acquired some 3.7 million Class B shares from an unnamed family member.
Class B shares of Ford stock are held by descendants of Henry Ford and offer expanded voting power to their holders - Bill Ford Jr. now controls roughly 11.5 percent of the total Class B pool. Ford Jr. is also a one of five trustees that manage a voting trust that oversees the majority of these "supervoting" shares. In total, Reuters reports there are 71 million Class B shares that account for 40 percent of the voting power in the company, despite making up just 2 percent of the total volume of all Ford stock.
Ford Jr. served as Ford's CEO until 2006, when he stepped down to hire and make space for current CEO, Alan Mulally. The move to consolidate Ford family voting power, at least somewhat, is seen by many as a comforting sign with Mulally's departure from the company likely to happen in the next several years.

Ford could post best-ever profits in Q1 2013

Analysts are saying that Ford Motor Company may have earned a record $2.7 billion pretax profit in North America during the first quarter of 2013, a number that represents its highest first quarter profit ever. The impressive earnings are further proof that the American automaker is making a solid comeback as the economy begins to recover.
Morgan Stanley and JP Morgan Chase are estimating that Ford's first quarter North American profit may have topped 12 percent. The firm cited the automaker's fresh lineup, but noted that CEO Alan Mulally needs to uphold the pace as the company works to gain ground in the car and utility segments.
Ford's success has been led by increased demand for its F-Series pickup, the best-selling vehicle in the US for 31 years, and by the Fusion sedan that recently recorded its best-ever quarterly sales in the domestic market. Ford is expected to release its first-quarter revenue on Wednesday, of this week.