Ford to recall 3 million vehicles for air bags at $610 million cost [Reuters]
Ford Motor Company (F)
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Source: Reuters
Ford to recall 3 million vehicles for air bags at $610 million cost By David Shepardson 3 Min Read WASHINGTON (Reuters) - Ford Motor Co said on Thursday it will recall 3 million vehicles for air bag inflators that could rupture, at a cost of $610 million. The National Highway Traffic Safety Administration on Tuesday ordered Ford to issue the recall for driver-side air bag inflators, rejecting the automaker’s 2017 petition to avoid it. The defect, which in rare instances leads to air bag inflators rupturing and sending potentially deadly metal fragments flying, prompted the largest automotive recall in U.S. history of more than 67 million inflators. Worldwide, about 100 million inflators installed by 19 major automakers have been recalled. The recall includes 2.7 million U.S. vehicles. Ford will include the cost in fourth-quarter results. The vehicles were previously recalled for passenger-side inflators. “We believe our extensive data demonstrated that a safety recall was not warrant
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Earnings
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Sec Filings
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- 4/3/24 - Form 8-K
- 4/2/24 - Form PX14A6G
- F's page on the SEC website