Ford Motor Company (NYSE: F) is recalling 2023-2024 Ford Transit vehicles previously repaired under recall number 24V-102. Incorrect bolts may have been used to attach the rear axle shaft, which can lead to the rear wheel locking up or separating from the axle, according to documents made public today by the National Highway Traffic Safety Administration.
“Incorrect bolts may have been used to attach the rear axle shaft, which can lead to the rear wheel locking up or separating from the axle,” according to Ford. Mailing of owner notification letters is expected to begin 9 December 2024. Continue reading
Conflicting China September 2024 Light Vehicle Sales
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During September 2024, China’s Light Vehicle (LV) market was stable compared to the previous month, with sales and production volumes exhibiting divergent trends. Domestic LV sales, excluding exports, reached 2.3 million units, marking a year-on-year (YoY) decrease of 5.4% but a significant month-on-month (MoM) increase of 17.2%, according to data and analysis released today by the respected GlobalData consultancy.* With the ongoing China trade wars, it’s possible that more than half of passenger vehicles were subsidized. Moreover, auto exports are increasing their importance and significance for the Chinese auto industry. Thus the trade wars will continue. The Chinese government has told giant EV makers BYD, SAIC and Geely to halt investment plans in Europe. This will likely play out globally in other trade blocs and countries.
“The substantial YoY and MoM differences may be attributed to the high sales base in the previous year and the gradual impact of the old-for-new subsidy policy. Breaking down the figures by model type, Passenger Vehicle (PV) sales totaled 2.1 million units, with a 2.4% YoY decline but a substantial MoM increase of 18.0%. In contrast, Light Commercial Vehicles (LCVs) also showed a downward trend, which was much more obvious than PV. Continue reading →