Ford has initiated a recall of 119,000 U.S. vehicles from model years 2018 through 2022 due to a defect in the engine block heater wiring that can overheat and pose a fire risk. The recall covers popular models including the F-150 pickup and Explorer SUV. Ford will notify owners by early March and will install a redesigned wiring harness and updated insulation free of charge. This action adds to a record 2025 recall tally for Ford, which has processed more than 1.2 million vehicle recalls year-to-date, raising concerns about quality control and potential warranty costs estimated at $150 million.

Recent trade talks between Canada and China have created an annual quota of up to 50,000 Chinese electric vehicles at a reduced 6.1% tariff rate, a move seen by investors as a backdoor entry toward the U.S. market. While the quota represents less than 3% of Canada’s annual new-vehicle sales, analysts warn that this could serve as a beachhead for Chinese automakers such as BYD and NIO. Ford’s North American market share in light trucks and SUVs—currently 18%—could face downward pressure if lower-priced Chinese EVs priced under $35,000 begin to capture 5–7% of the broader continental market within five years.

In late 2025, Ford recorded a $19.5 billion non-cash charge to realign its electric vehicle program, discontinuing the current F-150 Lightning and scaling back full-EV investments in favor of hybrids and gasoline-powered models. CEO Jim Farley emphasized a shift toward a Universal EV Platform and an innovative “assembly tree” production line, aimed at reducing unit costs by 20% by 2028. The company plans to launch a $30,000 midsize electric pickup in 2027, targeting profitability in its first year of volume production and narrowing the Model e division’s $5 billion loss reported in 2024.