00:00It's Benzinga, and here's what's on the block.
00:02Ford is recalling over 500,000 F-150 pickup trucks from the 2014 model year in the United
00:09States.
00:10The recall is due to an issue where the transmissions can unexpectedly downshift to first gear at
00:14any speed, increasing the risk of a crash.
00:17The problem is caused by a lost signal between the transmission speed sensor and the powertrain
00:21control computer, which can also be caused by corrosion or connector pin issues.
00:27Dealers may see a malfunction light before downshifting occurs, and in some cases, signals
00:32can restore while driving, but a restart may be needed to fix the issue.
00:36Dealers will update the powertrain control software free of charge, with repairs expected
00:41to be available in the third quarter of 2024.
00:43For all things money, visit Benzinga.com.
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