US investigating GM Cadillac Lyriq EVs over brake assist failures [Yahoo! Finance]
Ford Motor Company (F)
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Source: Yahoo! Finance
after receiving multiple reports of Cadillac Lyriq electric vehicles losing their brake boost assist functions. The agency's notice said the field reports allege Lyriqs from the 2023 model year have had instances of a hard brake pedal, followed by a "Brake System Failure" message at start up or while driving. FORD RECALLS NEARLY 43,000 VEHICLES OVER FUEL LEAKS THAT INCREASE FIRE RISK The agency said General Motors , which owns Cadillac, acknowledged that the electronic brake control module known as "eBoost" has an internal spindle that can fracture during an Anti-Lock Braking System (ABS) event. ABS prevents the wheels from locking brakes and slipping when applied, further reducing the risk of an accident. GM LOST TAX CREDITS ON 20,000 EVS DUE TO BATTERY SOURCING REQUIREMENTS READ ON THE FOX BUSINESS APP Due to the spindle fracture, the vehicles can lose brake assist, experience speed limitation, and ABS would lose some functionality, GM said per the NHTSA report. GM d
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News
- Feds investigating Ford Mustang Mach-E hands-free tech after fatal crashes [FOX Business Network]FOX Business Network
- 4 Cars That Cost More Used Than New [Yahoo! Finance]Yahoo! Finance
- Investors Heavily Search Ford Motor Company (F): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Ford's ‘BlueCruise' Hands-Free Driving System Under Investigation After Fatal Crashes [Forbes]Forbes
- U.S. opens probe into 130,000 Ford vehicles over hands-free tech [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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Earnings
- 4/24/24 - Beat
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Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form S-8
- 4/25/24 - Form S-8
- F's page on the SEC website