Ford spends... $610 million on recalls for 3 million vehicles!
Ford will spend an estimated $610 million dollars on recalls due to potential airbag issues on almost 3 million of their older vehicles.
Ford is to spend an estimated $610 million dollars on recalls from their older vehicles due potential issues with the airbags. Ford first tried to argue, like GM did, that the particular airbags involved did not pose the same risk as millions of other inflators involved in recalls. After the argument was won by the NHTSA, Ford confirmed the cost of the recall on Thursday with the Securities and Exchanges Commission.
The recall will affect an estimated 2.7 million vehicles in the U.S and 300,000 in Canada and other locations, announced Ford.
The impacted vehicles range from model years 2004 to 2014. Here they are according to Ford's website: Ford Ranger (2004-2011), Fusion (2006-2012), Edge (2007-2010), Mustang (2005-2014), GT (2005-2006), and lastly the Mercury Milan (2006-2011).
The airbag involved is a Takata airbag, which has been an ongoing issue for automakers as they can often cause the inflators to rupture, sending potentially deadly metal fragments flying in the vehicle. This problem has caused 27 deaths worldwide and 18 in the U.S, according to Reuters. Takata since filed for bankruptcy in 2017, and was then acquired by Key Safety Systems.