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Biden’s $9.2 Billion Loan To Ford May Have Been A Poor Investment

via Associated Press on Youtube
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Ford is recalling 112,965 F-150 pickup trucks from 2021 to 2023 due to a rear axle hub bolt issue that could lead to a roll away risk if damaged.

The National Highway Traffic Safety Administration (NHTSA) highlighted the potential for vehicle roll away and loss of drive power, increasing crash risk.

Ford is developing a fix and advises owners to visit dealerships for interim repairs if they notice specific noises. (Trending: Trump Announces Heartbreaking Melania-Related Health Update)

The agency warned the rear axle might “fatigue and break, which can result in damage to the axle hub splines.”

Damage “can result in a vehicle roll away when the vehicle is in park without the parking brake applied, or cause a loss of drive power,” wrote the NHTSA.

This can “increase the risk of a crash,” added the agency.

Letters will be sent to owners, and they can contact Ford customer service.

This recall follows a previous one for electronic parking brake issues, with Ford currently working on a solution.

The Biden admin provided a $9.2 billion loan to Ford Motor Co. for building three battery factories, marking a significant move towards President Biden’s industrial policy to advance American manufacturers in green technologies.

The factories, part of Ford’s expansion into electric vehicles, are being constructed in Kentucky and Tennessee.

The project, along with an adjacent Ford EV assembly unit, has an estimated cost of $11.4 billion, with most of the financing coming from taxpayers.

Ford’s domestic battery vehicles will be eligible for incentives and subsidies, leading to a manufacturing boom in the US, with over $200 billion in total investments in battery and electric-vehicle production projects.

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