Ford to recall 3 million airbag vehicles at a cost of $ 610 million

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In this news, we discuss the Ford to recall 3 million airbag vehicles at a cost of $ 610 million

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WASHINGTON (Reuters) – Ford Motor Co said on Thursday it would recall 3 million vehicles for airbag inflators that could rupture, at a cost of $ 610 million.

The National Highway Traffic Safety Administration on Tuesday ordered Ford to issue a recall for driver-side airbag inflators, rejecting the automaker’s 2017 petition to avoid it.

The defect, which in rare cases leads to the rupture of airbag inflators and the sending of potentially fatal metal fragments, caused the largest automotive recall in US history of more than 67 million inflators . Globally, approximately 100 million inflators installed by 19 major car manufacturers have been recalled.

The recall includes 2.7 million US vehicles. Ford will include the cost in fourth quarter results.

Vehicles were previously recalled for passenger side inflators. “We believe that our extensive data has shown that a safety recall was not justified for the driver’s side airbag. However, we respect the NHTSA decision and will issue a recall, ”said Ford.

The NHTSA has also called on Mazda Motor Corp to recall 5,800 airbag inflators in 2007–2009 B-Series vehicles.

Takata inflators have caused at least 400 injuries and 27 deaths worldwide – including 18 deaths in the United States and two in previously recalled 2006 Ford Ranger trucks.

The recalled Ford vehicles include various Ranger, Fusion, Edge, Lincoln Zephyr / MKZ, Mercury Milan and Lincoln MKX vehicles from the 2006-2012 model years.

In November, NHTSA rejected a petition filed by General Motors Co to avoid recalling 5.9 million US vehicles equipped with Takata airbags. GM said the recall covered 7 million vehicles worldwide and would cost $ 1.2 billion.

Ford separately revealed Thursday that it expects to post a pretax revaluation loss of $ 1.5 billion in the fourth quarter related to pensions and other post-employment benefits, thanks to lower discount rates

Ford said the revaluation loss is expected to reduce net income by about $ 1.2 billion, but did not change expectations for 2021 pension contributions.

Reporting by David Shepardson in Washington; Editing by Leslie Adler and Matthew Lewis

Original © Thomson Reuters

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