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Ford will withdraw 3 million airbag vehicles at a cost of $ 610 million



WASHINGTON – Ford Motor Co. said Thursday it would withdraw 3 million vehicles for inflatable airbags that could break, at a cost of $ 610 million.

On Tuesday, the National Highway Traffic Safety Administration ordered Ford to issue a recall of inflatable airbags by the driver, rejecting the carmaker̵

7;s 2017 petition to avoid it.

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The defect, which in rare cases leads to the rupture of airbag inflators and the sending of potentially deadly metal fragments, caused the largest car seizure in US history of more than 67 million inflatable. Around 100 million inflators installed by 19 major car manufacturers have been withdrawn worldwide.

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The download includes 2.7 million vehicles in the United States. Ford will include costs in the fourth quarter results.

Previously, the vehicles were towed for inflation by the passengers. “We believe that our extensive data shows that the safety withdrawal is not justified for the driver’s airbag. However, we respect the NHTSA’s decision and will issue a recall,” Ford said.

NHTSA also requires Mazda Motor Corp to withdraw 5,800 inflatable airbags in B-Series cars from 2007 to 2009.

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Takata’s inflators have resulted in at least 400 injuries and 27 deaths worldwide – including 18 deaths in the United States with two in pre-towed 2006 Ford Ranger trucks.

Ford cars to be towed include a variety of cars from 2006 to 2012. Ranger, Fusion, Edge, Lincoln Zephyr / MKZ, Mercury Milan and Lincoln MKX.

In November, NHTSA rejected a petition filed by General Motors Co. (NYSE: GM) to avoid the withdrawal of 5.9 million vehicles in the United States with Takata airbags. GM said the call back covers 7 million cars worldwide and will cost $ 1.2 billion.

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Ford said separately Thursday that it expects to report a pre-tax revaluation 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 from the remeasurement is expected to reduce net profit by about $ 1.2 billion, but has not changed expectations for pension contributions for 2021.


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