Ford recalls more than half-million vehicles

By: Miguel A. Rodriguez

11:52, 10 May 2021

1620636622.jpg
Ford recalls 661,000 vehicles across North America, Canada, and Mexico. The announcement follows an idle in production due to chip shortage

According to documents posted by the second-largest US automaker, the National Highway Traffic Safety Administration first required the recall in April 2020 after 11 roof rail cover detachment reports. At that time, Ford considered the recall to be unnecessary because of the low likelihood of a roof rail detaching and the fact that drivers themselves could see a loose roof rail cover.

On Sunday, a Ford spokeswoman stated that the automaker is unaware of any accidents or injuries related to the loose roof rail cover.

The recall includes 620,483 vehicles in the US, 36,419 in Canada, and 4,260 in Mexico. The retention pins could loosen and allow roof rail covers to detach from the car. The recall covers the 2016 – 2019 Ford Explorer. According to the same document, the customer notification will start in the week of June 28. Dealers will install push pins and replace any damaged rail clips and roof rail covers.

At the moment of writing, Ford stock price closed the session 0.68% higher.

Read here more about Ford and GM’s chip shortage!

Sources: finance.yahoo.com, reuters.com

Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.

Most affected instruments

Ford

$ 10

GM

$ 10