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Ford Motor (NYSE: F) is set to recall 3 million senior vehicles after a federal recall of Takata airbags was administered. The action will cost the company USD610 Million, it reported in a federal filing Thursday.
Ford’s stock plummeted into the red in after-hours trading, an approximate 2% fall. However, Shares closed Thursday up 6.2% at USD11.53 per share, a record high since June 2018.
Both Mazda and Ford had appealed in order not to recall the 3 million vehicles, the request was promptly rejected by The National Highway Traffic Safety Administration on Tuesday. Ford vehicles being recalled are the Ford Ranger from 2007 to 2011, the Ford Fusion from 2006 to 2012, Ford Edge from 2006 to 2021, the Lincoln Zephyr and MKZ from 2006 through 2012, the Lincoln MKX from 2007 to 2010, and the Mercury Milan from 2006 to 2011.
Motoring: Ford to recall 3 million vehicles for air bags at $610 million cost
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