Ford is recalling around 2.6 million cars in the US starting April 1 to replace driver's side front Takata airbag inflators that could rupture.
Ford proceeded with the safety recall after the National Highway Traffic Safety Administration in January denied a petition the company filed in 2017 arguing the recall was not warranted.
The company maintained in a statement Friday that it believes the recall was unnecessary because the inflators in this tranche of cars operate differently that those that prompted the world's largest-ever auto safety recall.
More than 42 million US vehicles by 19 automakers with Takata air bag inflators have been recalled over the past few years due to concerns the inflators could rupture during airbag deployment, spewing potentially deadly metal fragments. Takata inflators have led to more than two dozen deaths and hundreds of injuries worldwide.
The cost of the recall action is estimated to be about $610 million, Ford said in a January regulatory filing to the Securities and Exchange Commission.
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when the govt prints trillions of dollars and most of it goes to rich people who don't need it who put $$$ in the stock market then a little of the trillions goes to poor people who need a leg up (and even some of them are playing stocks)... guess what stock prices including F go up
The stock price will not keep going up forever. It is called the Tulip Bubble. People and even banks not doing proper their Due Diligence. Remember the Dot.com bubble back in 2000? I have seen the dealership warranty rates and they will be much higher. Making unnecessary repairs is a big issue since the tech doesn't know what they are doing. Also, having the customer RETURN to the dealership a SECOND time because the issue was not resolved. There is no accountability for the dealership warranty billing.
Math suggests $235 fix per vehicle. Seems understated for dealer warranty billing rates. Maybe all customers won’t do fix or cost to Ford will be even higher. Seems like we are on a weekly recall cadence. Hemorrhaging.
And yet stock price climbs. Bizzaro world.