Ford Motor Company (NYSE:F) Recalls 230K Escape and Transit Connect Vehicles


Dallas, Texas 06/25/2015 (Financialstrend) – Ford Motor Company (NYSE:F) is recalling 203,000 new Transit Connect and Escape vehicles over issues related to the instrument clusters. The recall is the 16th since the redesigning of Escape crossover, three years ago. Ford has also issued a recall of 49, 2015 model Transit vehicles over issues related to seatbelt labeling.

Ford Trying To Avert Crashes

The company in a statement says it was forced to recall the 2014 and 2015 models because the warning chimes, messages, and warning lights fitted in the vehicles were not in compliance with the FMVSS requirements. Ford Motor Company (NYSE:F) warns that cars fitted with the faulty instrument clusters may be prone to crashes.

No accidents or injuries have been reported related to the problem. The recall is to cover 182,520 cars in the US and federalized territories as well as 18,226 cars in Canada and 2,699 in Mexico. Ford Motor Company (NYSE:F) has faced a number of glitches with the latest generation of the Ford Escape having been the subject of 34 service bulletins.

No Systematic Problems Detected

Some of the issues that have prompted recalls in the past include a faulty fuel pump as well as air bag-related issues. Last year Ford Motor Company (NYSE:F) was forced to recall the model after the fuel delivery module was found to be faulty. There were issues raised about the car’s roof glass as well as the engine wiring.

Ford Motor Company (NYSE:F)’s president, Joe Hinrichs, says they have not discovered any systematic problems to explain the recalls. However, the executive maintains they are working closely with suppliers to improve on the launch quality.

The recalls did not have an effect on Escape sales last year which were up by 3.5%. However, sales are down this year by 4.3% through May, which Ford Motor Company (NYSE:F) reiterates is down to Capacity constraints as the company continues to increase exports on the Crossover line.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.