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MarketScreener Homepage  >  Equities  >  Nyse  >  Ford Motor Company    F

FORD MOTOR COMPANY

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Ford Motor : Issues Safety Recall for Select 2020 Ford Ranger, F-150 and Expedition Vehicles

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04/07/2020 | 08:43am EDT

FORD MEDIA CENTER

Ford Motor Company Issues Safety Recall for Select 2020 Ford Ranger, F-150 and Expedition Vehicles

DEARBORN, Mich., April 7, 2020 - Ford Motor Company is issuing a safety recall for select 2020 vehicles. They include 2020 Ford Ranger and 2020 F-150 vehicles with 10-speed automatic transmission and 2020 Expedition vehicles with the police package and 10-speed automatic transmission. Units equipped with a rotary gearshift dial are not affected.

In affected vehicles, a clip that locks the gearshift cable to the transmission may not be fully seated. Over time, a partially seated clip may allow the transmission to be in a gear state different from the gearshift position selected by the driver. This could allow the driver to move the shifter to Park and remove the ignition key, without the transmission gear actually being in Park. If the parking brake is not applied in those cases, the vehicle could move unintentionally, increasing the risk of injury or crash.

Ford is not aware of any reports of accident or injury related to this condition.

This action affects 55,158 vehicles in the United States and federal territories, 12,090 in Canada and 681 in Mexico.

Affected vehicles include:

  • 2020 Ford Ranger vehicles built at Michigan Assembly Plant from Feb. 28 to March 18, 2020
  • 2020 Ford F-150 vehicles built at Dearborn Truck Plant from Feb. 18 to March 19, 2020, and Kansas City Assembly Plant from Feb. 21 to March 19, 2020
  • 2020 Ford Expedition vehicles built at Kentucky Truck Plant from March 3 to 19, 2020.

Dealers will inspect the shift cable locking clip and properly seat it as needed. The Ford reference number for this recall is 20S18.

About Ford Motor Company

Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions. Ford employs approximately 190,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit corporate.ford.com.

Disclaimer

Ford Motor Company published this content on 07 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2020 12:42:10 UTC

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Financials (USD)
Sales 2020 114 B - -
Net income 2020 -5 249 M - -
Net Debt 2020 2 029 M - -
P/E ratio 2020 -3,46x
Yield 2020 2,81%
Capitalization 22 709 M 22 709 M -
EV / Sales 2019
EV / Sales 2020 0,22x
Nbr of Employees 190 000
Free-Float 98,0%
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Number of Analysts 21
Average target price 5,57 $
Last Close Price 5,71 $
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NameTitle
James P. Hackett President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
James D. Farley Chief Operating Officer
Timothy Stone Chief Financial Officer
Jeff Lemmer Chief Information Officer & Vice President
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