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Ford Motor (NYSE: F) is recalling 2023-2027 model-year F-Series pickups because the fuel tank may be incorrectly secured and leak fuel, or detach from the vehicle while driving. About 223,472 F-Series pickups are affected by Ford’s latest quality control failure. A detached tank can create a road hazard, increasing the risk of a crash. In addition, a fuel leak can cause an engine stall or increase the risk of a fire. No driver warning occurs.
“In some instances, front fuel tank strap T-slots were not properly inserted into the vehicle’s frame rail at the time of vehicle assembly,” Ford said in the mandatory safety defect recall filing made public by the National Highway Traffic Safety Administration (NHTSA) this morning. Continue reading
Porsche Sells Its Bets on Bugatti Rimac and Rimac Group
Well, the WayRay virtual reality was better than the actual results.
Porsche said today that the sale of its stakes in Bugatti Rimac and Rimac Group have been sold. Porsche* and the buyer consortium had signed the relevant agreements in April 2026. [Read AutoInformed.com on: Porsche Increases Investment in Start-Ups by €150 Million] The sale will generate proceeds of ~€1 billion. The Porsche AG Group will use €250 million of the proceeds to further fund its pension obligations.
“The Automotive Net Cash Flow Margin forecast published in the Half-Year Financial Report did not include any effects from divestments. Taking into account the aforementioned cash inflow and the further funding of pension obligations, the Automotive Net Cash Flow Margin for full year 2026 is expected to increase to 5.5% to 7.5% (previous forecast: 3% to 5%),” Porsche said. Continue reading →