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Ford was to recall 3 million vehicles for airbags at a cost of $ 610 million



WASHINGTON – Ford Motor Co. said Thursday that it will recall 3 million vehicles for airbag pumps that could break, at a cost of $ 610 million.

The National Highway Traffic Safety Administration on Tuesday ordered Ford to issue the revocation of the driver’s airbag pump and rejected the carmaker̵

7;s 2017 petition to avoid it.

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F FORD MOTORSELSKAB 11.53 +0.67 + 6.17%

The shortage, which in rare cases causes airbag pumps to explode and send potentially deadly metal fragments flying, led to the largest car recall in U.S. history with more than 67 million inflation pumps. Worldwide, approx. 100 million inflated installed by 19 major automakers recalled.

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The recall includes 2.7 million U.S. vehicles. Ford includes the cost in the fourth quarter results.

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

NHTSA also required Mazda Motor Corp to recall 5,800 airbag pumps in 2007-2009 B-Series vehicles.

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Takata inflatables have resulted in at least 400 injuries and 27 deaths worldwide – including 18 U.S. deaths with two in previously recalled 2006 Ford Ranger trucks.

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

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

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Ford announced separately Thursday, and it expects to record a pre-tax pre-measurement loss of $ 1.5 billion. $ In the fourth quarter related to retirement and other post-employment benefit plans, driven by lower discount rates.

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


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