financetom
Business
financetom
/
Business
/
US opens probe into over 110,000 Ford SUVs on seat belt concern
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US opens probe into over 110,000 Ford SUVs on seat belt concern
Nov 18, 2024 6:22 AM

(Reuters) - The U.S. auto safety regulator said on Monday it had initiated a recall query into about 112,567 Ford SUVs over an issue with seat belt retractors.

The National Highway Traffic Safety Administration said it had received three complaints, alleging an inadvertent deployment of the seat belt retractor pretensioner.

The complaints referred to a loud sound, which was immediately followed by the seat belt rapidly tightening and remaining in the locked position, the auto safety regulator added.

The probe covers Ford Expedition and its luxury counterpart, the Lincoln Navigator, from model years 2019-2020.

Ford did not immediately respond to a Reuters request for a comment on the matter.

(Reporting by Nathan Gomes in Bengaluru; Editing by Shinjini Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ares Management Unveils Offering of 2.65 Million Shares to Fund Debt Repayment, Acquisitions; Stock Declines After Hours
Ares Management Unveils Offering of 2.65 Million Shares to Fund Debt Repayment, Acquisitions; Stock Declines After Hours
Jun 12, 2024
04:46 PM EDT, 06/12/2024 (MT Newswires) -- Ares Management ( ARES ) unveiled late Wednesday an offering of 2.65 million shares of its Class A common stock. The company expects to grant underwriters an option to purchase up to 397,500 additional shares. Ares intends to use the net proceeds for general corporate purposes, including debt repayment, acquisitions and growth initiatives....
Janus International Group Insider Sold Shares Worth $270,506, According to a Recent SEC Filing
Janus International Group Insider Sold Shares Worth $270,506, According to a Recent SEC Filing
Jun 12, 2024
04:46 PM EDT, 06/12/2024 (MT Newswires) -- Peter Frayser, Chief Commercial Officer, on June 12, 2024, sold 20,000 shares in Janus International Group ( JBI ) for $270,506. Following the Form 4 filing with the SEC, Frayser has control over a total of 232,805 shares of the company, with 232,805 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1839839/000183983924000145/xslF345X03/wk-form4_1718225035.xml Price: 13.48, Change: -0.01,...
Chipmaker Broadcom raises annual revenue forecast, unveils stock split
Chipmaker Broadcom raises annual revenue forecast, unveils stock split
Jun 12, 2024
(Reuters) - Tech conglomerate Broadcom ( AVGO ) raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from businesses investing in artificial intelligence infrastructure. Shares of the Palo Alto, California-based company, which also unveiled a stock split, rose more than 9% in extended trading. The company will carry out a 10-for-1...
JPMorgan expects investment banking revenue to jump as much as 30% in second quarter
JPMorgan expects investment banking revenue to jump as much as 30% in second quarter
Jun 12, 2024
NEW YORK, June 12 (Reuters) - JPMorgan Chase ( JPM ) expects its investment banking revenue to jump by between 25% to 30% in the second quarter, higher than its previous estimates, co-chief executive of its commercial and investment bank Troy Rohrbaugh said on Wednesday. The lender had estimated in May that its investment banking revenue would rise by a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved