Ford is recalling approximately 400,000 2015-2017 transit vans and buses, which will cost the company about $142 million. The recall related to the vehicles' flexible coupling, which continued use of if cracked could result in the driveshaft separating and loss of power while driving.
The company is also issuing a safety compliance recall for Ford Police Interceptor Utility vehicles in the U.S. in order to repair second row seat attachment studs. Ford is additionally recalling 2016 Ford Escape cars built at the Louisville Assembly plant in order to replace driver knee airbag modules.
The company isn't aware of any accidents or injuries related to any of the recalls.
What's Hot On TheStreet
The stock market may be overvalued: Now may be the time to pay extra attention to red-hot tech stocks such as Apple (AAPL) - Get Report and Facebook (FB) - Get Report . As TheStreet first reported Tuesday afternoon, asset valuations are somewhat "rich" by standard metrics, Federal Reserve Chair Janet Yellen said in London during a conversation about economic issues with British Academy President Lord Nicholas Stern. Yellen's comments on equity valuation and bank strength closely mirrored Fed Vice Chairman Stanley Fischer's from an IMF event held earlier in the day.
The iPhone has changed how you make money: TheStreet's Scott Gamm is out with a piece that will really get you thinking. Apple's iPhone will turn 10 years old on Thursday. The device not only turned Apple into one of the world's most valuable companies, helping to boost its stock price more than 700%, it also changed the way we invest and trade stocks Gamm points out.
In fact, the original iPhone -- and the current versions -- have an internal stocks app, allowing users to check the broader market indexes and individual stock prices. Having this in your pocket was a big deal 10 years ago.
"I think it's actually made the life for a typical investor much easier," Angelo Zino, an analyst with CFRA Research, told TheStreet. "I think they've been able to tap news flows much quicker."
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