Ford Motor Co. (F) is recalling 552,188 of its 2014 F-150 pick-up trucks in the U.S. due to an issue that may lead to the vehicles unexpectedly downshifting into first gear.
The recall was ordered by the U.S. National Highway Traffic Safety Administration, which is tasked with ensuring road safety in America.
The problem with the 2014 model year F-150 trucks is caused by a loss of signal between the transmission and the powertrain control module.
The situation can lead to a loss of vehicle control and poses a potential danger to drivers, said the highway regulator in a news release.
Impacted owners of the F-150 recall will be notified by Ford and dealers will update the powertrain control module software in the vehicles free of charge.
The stock of Ford Motor Co. is flat on the year (up 0.58%) and currently trading at $12.23 U.S. per share.
