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Ford to recall three million automobiles for air luggage at $610 million price By Reuters


© Reuters. FILE PHOTO: Ford Motor Co logo was pictured in 2019

By David Shepardson

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

The National Highway Traffic Safety Administration on Tuesday ordered Ford to issue the driver’s side airbag inflator recall and denied the automaker’s 2017 petition to avoid it.

The defect, which in rare cases causes airbag inflators to burst and release potentially deadly metal fragments, resulted in the largest recall of more than 67 million inflators in US history. Around 100 million inflators installed by 19 major automakers have been recalled worldwide.

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

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

NHTSA also asked Mazda Motor (OTC 🙂 Corp to recall 5,800 airbag inflators in B-Series vehicles in 2007-2009.

Takata inflators have resulted in at least 400 injuries and 27 fatalities worldwide – including 18 fatalities in the US, including two in previously recalled Ford Ranger trucks from 2006.

The recalled Ford vehicles include a variety of 2006-2012 Ranger, Fusion, Edge, Lincoln Zephyr / MKZ, Mercury Milan and Lincoln MKX vehicles.

In November, NHTSA rejected a petition filed by General Motors Co (NYSE 🙂 to avoid the recall of 5.9 million U.S. vehicles with Takata airbags. GM said the recall covered 7 million vehicles worldwide and would cost $ 1.2 billion.

Ford separately announced Thursday that it expects its fourth quarter pre-tax loss of $ 1.5 billion related to retirement and other post-employment retirement plans due to lower discount rates.

Ford said the loss of revaluation is expected to cut net income by about $ 1.2 billion, but it didn’t change expectations for pension contributions for 2021.

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