Recalls Impacting Toyota, GM, Ford, and Explorer Hybrid Models
Toyota is recalling around 42,000 Corolla Cross Hybrid SUVs (2023-24 models) due to a brake pedal issue that may cause unresponsiveness while turning, increasing crash risk. Dealers will update the brake actuator's software for free, with notifications to owners expected by late November.
GM is recalling over 449,000 vehicles from its Cadillac, Chevrolet, and GMC brands due to a potential failure of the low brake fluid warning light to illuminate. Affected models include the 2023-24 Cadillac Escalade, Chevy Silverado 1500, Suburban, Tahoe, and GMC Sierra 1500 and Yukon. The issue could compromise braking performance and increase crash risk. GM will update the software for free, with notifications to owners starting October 28.
Ford is recalling over 144,000 Maverick pickup trucks (2022-24 models) due to a freezing rearview camera image in Reverse, which can impair visibility and increase crash risk. The issue affects vehicles equipped with a Connected Touch Radio. Ford will update the software for free, with notifications to owners starting September 30.
The Ford Explorer Hybrid is recalling 2024 models due to a potential short circuit from the 12-volt battery's positive cable chafing against the starter generator. This may trigger the check engine light and cause slow or no cranking. Dealers will install a tie strap to prevent damage, with owner notifications set for October 21-25, 2024. The recall affects vehicles produced from May 1, 2023, to March 28, 2024, and does not mention the Police Interceptor Utility.
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Jim Farley Sounds Alarm on Rising Chinese EV Competition
Jim Farley, CEO of Ford, has voiced significant concerns about the rapid advancements of Chinese electric vehicle (EV) manufacturers after a recent trip to China. He noted that companies like BYD and Xiaomi are leveraging advanced technologies and competitive pricing to capture market share, creating a substantial threat to Ford and other global automakers.
Gas Prices Hold Steady Nationally, Temporary Increases Seen in Some Regions
Gas prices have seen a temporary increase in some U.S. regions, though the national average remains steady at $3.18 per gallon, unchanged from last week. Prices are down 13 cents from a month ago and 65 cents lower than a year ago. The rise in oil prices following a Federal Reserve interest rate cut has led to slight increases in some states, but these are expected to be short-lived, with further declines anticipated. Regions like California, Nevada, and Arizona, which missed recent drops due to refinery issues, should see relief soon. Diesel prices, however, have risen in late September. Regionally, gas prices vary, with the Gulf Coast at $2.73 per gallon and the West Coast at $4.11. Mississippi has the lowest prices at $2.71.