Ford has issued a safety recall mainly in the US, on nearly 1.2 million of Explorer SUV’s due to a potentially risky suspension defect. The safety alert was issued on June 12, 2019.
More than a century old brand, Ford is well-known auto manufacturer. Established in 1903 by Henry Ford, Company is headquartered at a suburb of Detroit – Dearborn, Michigan. Currently it is headed by Jim Hackett. Ford is considered second largest auto company in the US, behind General Motors and it is fifth largest auto company in the world, as per the auto production data in 2015.
The defect was seen in selected vehicles which were sold in the 2007-11 years model and it caused one of the components on the suspension to break and would compromise on the steering control of the drivers.
In a statement given by Ford it was said that one of their customers reported with an accident wherein component broke. However the company has not been notified on any type of injuries caused from the problem. It is estimated that a cost of about $180 million will be involved in repairing this suspension issue. The annual revenue of the company was $160.3 billion in 2018. Recalls has also been issued on Econoline vans and F-150 trucks, Flex and Taurus sedans, MKT and Lincoln MKS sedans in Canada. The issues mentioned were faulty welding, suspension issues and transmission calibration issues which may result in sudden loss in engine power in some of the vehicles. Nearly 139,000 vehicles were affected by the recalls.
The exact cost of the repairs has not yet been specified by the company. Most of the affected vehicles have come from Ford plants all over the US and includes Ford’s Chicago, Kansas City, Oakville and Dearborn plants. The shares of Ford were trading lower than 1% in news.