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Ford recalls 741,000 vehicles over transmission parking brake defect: NHTSA

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One Ford model dodges wave of recalls that swept entire lineup since 2020

Ford is recalling more than 741,000 vehicles across the U.S. after a transmission defect that can damage the parking system and increase the risk of a vehicle rolling away was linked to 24 allegations of property damage and nine alleged injuries.

The recall affects 741,195 vehicles, including certain 2018-2021 Ford Expedition and Lincoln Navigator SUVs, 2020-2021 Ford Explorer and Lincoln Aviator SUVs, and 2021 Ford F-150 pickups, according to the National Highway Traffic Safety Administration (NHTSA).

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The agency said the vehicles may experience a transmission problem during certain shifts while in motion that can damage the transmission’s parking mechanism.

FORD IN DEEP WATER AFTER SWEEPING RECALLS HIT EVERY MODEL SINCE 2020 – WITH ONE EXCEPTION

Ford logo in Michigan.

Ford Motor Co. signage is displayed outside a dealership in Detroit, Mich.  (Jeff Kowalsky/Bloomberg via Getty Images, File / Getty Images)

If that happens, the transmission may no longer hold the vehicle in place after it is shifted into “Park” unless the parking brake is applied, increasing the risk of a crash or injury.

Ford said the issue stems from a transmission valve body separator plate that can restrict fluid flow to the park valve, allowing the parking mechanism to briefly engage while the vehicle is still moving. Drivers may notice a wrench warning light, and in some cases the electronic parking brake may automatically engage.

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Ford said the reported incidents include two allegations involving emotional injuries.

To address the issue, dealers will update the vehicle’s powertrain control module software, inspect the transmission for damage and replace any damaged components free of charge.

FORD RECALLS MORE THAN 615,000 VEHICLES OVER WIPER AND DRIVESHAFT DEFECTS

ford explorer 2020

A Ford Explorer at the Ford Chicago Assembly Plant. (Jose M. Osorio/Chicago Tribune/Tribune News Service via Getty Images, File / Getty Images)

Ford expects to begin mailing interim notification letters to owners on Aug. 3. 

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A permanent repair is not expected to be available until April 2027, when the company plans to begin notifying owners that the remedy is available.

The recall is the latest in a string of safety actions that have put Ford under increased scrutiny in recent years.

In 2025, the automaker set a record for the most recalls issued by a single manufacturer in a single year, topping 150 safety recalls — nearly double the previous record of 77 set by General Motors in 2014.

Ford said the increase reflected a more aggressive strategy of identifying and addressing potential safety issues before they result in major incidents or widespread complaints.

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FORD RECALLS MORE THAN 412,000 VEHICLES OVER SUSPENSION ISSUE

US-ECONOMY-TRANSPORT-MANUFACTURING-AUTOMOBILE-FORD

Workers assemble cars at the Ford Assembly Plant in Chicago. (Jim Young/AFP via Getty Images, File / Getty Images)

“The increase in recalls reflects our intensive strategy to quickly find and fix hardware and software issues and go the extra mile to help protect customers,” the company said in a 2025 statement. “Ford has more than doubled its team of safety and technical experts in the past two years and significantly increased testing for failure on critical systems in current Ford vehicles such as powertrains, steering and braking.”

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Between 2020 and 2026, nearly every Ford model was recalled at least once, from SUVs and pickups to commercial vans and the Mustang. The lone exception was the Ford GT supercar, which was discontinued after the 2022 model year.

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FOX Business has reached out to Ford for comment on the recall and will update this story if a response is received.

Owners with questions can contact Ford customer service at 1-866-436-7332 or the NHTSA Vehicle Safety Hotline at 1-888-327-4236.

FOX Business’ Bonny Chu contributed to this report.

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Fluence Corporation Limited 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:EMFGF) 2026-08-01

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

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Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Essex Property Trust, Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:ESS) 2026-08-01

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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How will adjustment in Japanese stocks impact the USD/JPY?

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How will adjustment in Japanese stocks impact the USD/JPY?

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Amerant Bancorp Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:AMTB) 2026-08-01

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

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Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Soitec SA (SLOIY) Shareholder/Analyst Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Frederic Lissalde

Being broadcast. I hereby declare open the combined ordinary and extraordinary general meeting of Soitec. This meeting is convened to go over the agenda set out in the notice of meeting, which was sent to registered shareholders and also published in the official bulletin.. As the Chairman of the Board of Directors, I am chairing this general meeting, and I would now appoint the meeting’s officers. I hereby call upon the 2 members of the meeting which hold the largest number of votes, and they have agreed to fulfill this role to act as scrutineers.

So the company Bpifrance Participations, hereby represented by Mr. Samuel Dalens and the company called CEA Investissement represented by Ms. Julie Galland and Samuel Dalens and Julie Galland are seated in front of me here in the first row. The Chair and the scrutineers form the Presiding Committee of the meeting, and they appoint a Secretary, Emmanuelle Bely, who is the Secretary General of Soitec and also the Secretary to the Board of Directors and who is standing to my left. We now have the officers in place. Also present beside me are Laurent Remont, our new CEO since April 2026, who is attending his first Soitec Annual General Meeting; and Albin Jacquemont, our Chief Financial Officer.

The statutory auditors are also present in this room. One is Benjamin Malherbe for Ernst & Young Audit and Laurent Genin for KPMG. And we also have with us the directors who were able to attend those who could make themselves available. And I would like to thank them

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Weak rupee takes its toll on cos with huge foreign debt

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The global economic crisis is beginning to weigh heavily on India Inc���s balance sheet, courtesy the depreciating rupee. While a weakening rupee might bring cheer to export-oriented sectors such as IT and textiles, it has pushed up the foreign exchange liabilities of Indian companies.

Accounting rules, called AS-11 provisions, make it mandatory for companies to make mark-to-market provisions in their profit & loss accounts for any changes in foreign currency loans. The worst hit have been those companies that predominantly serve the domestic market and opted for foreign currency loans to finance their growth plans.

According to an analysis by ETIG, the profitability of companies will be dented by mark to market (MTM) losses. Tata Steel may report a forex loss of around Rs 344 crore, whereas Tata Motors could take a hit of Rs 311 crore. Tata Chemicals, which took a foreign currency loan of $475 million to fund its overseas acquisitions, is estimated to report a forex loss of Rs 187 crore. Ranbaxy, JSW Steel and Firstsource Solutions will lose Rs 100 crore and Rs 400 crore each. The list of companies is not exhaustive as an estimated dozen companies raised forex debt last year.

Thankfully, this is only an accounting entry and does not affect the cash flows. However, it is likely to be read negatively by the stock market. Market participants actively track companies��� net profits and any adverse development does affect valuations. The rupee had positively impacted most of the above companies till last year, but it has depreciated by over 9% in the quarter ended September 2008.
When the rupee depreciates, the value of foreign currency liability denominated in rupee terms increases and vice versa. According to AS-11 stipulations, an increase in liability should be reflected in the quarterly profit and loss statement and will translate into lower corporate profits. Most companies are focused on the domestic market and are therefore unlikely to benefit from a weakening rupee.


The falling rupee will severely affect the small companies, whereas the big ones will be impacted only moderately. Firstsource Solutions may report a net loss, while Tata Steel might see a 100 basis points decline in net profit margin on account of forex losses. To put things in perspective, most companies will experience a 10-50% hit on their operating profits.
Companies such as Reliance Communication, Reliance Industries and Bharti Airtel follow schedule-VI of the Companies Act, instead of AS-11 and are therefore unlikely to see an impact on their quarterly profit and loss statements. The operating profits of the two Reliance companies would have been lower by around Rs 800-900 crore if they had subscribed to the AS11 norms.

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Erste Group Bank AG (EBKDY) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript