Finance

Ford recalling 1.3 million F-series pickups

Ford recalling 1.3 million F-series pickups”

The recall involves about 1.1 million vehicles in the us, 222,000 in Canada and 21,000 in Mexico. Ford cited a "frozen door latch" or a "bent or kinked actuation cable", which may prevent the vehicle's doors from opening or closing.

The auto giant says it is not aware of any accidents or injuries associated with the latch issue.

Dealers will install water shields over the door latches and inspect and fix the door latch actuation cables if needed at no cost to the customer. In total, 1,344,605 units are impacted.

The company said the cost of the recall was estimated to be $267 million, and would be reflected in its fourth quarter results. The Super Duty was also resigned for 2017 for the first time in two decades.

The company in November 2016 sent a bulletin to dealers that warned some 2015-2017 Ford F-150 trucks could have inoperative latches during freezing temperatures.

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Ford's stock traded down about 0.4% Wednesday afternoon, at $12.22 in a 52-week range of $10.47 to $13.27.

Despite the hit, Ford said that it still expected to earn between $1.65 and $1.85 per share for the full year.

Ford Motor Co. has recalled 1.3 million pickup trucks because of an issue that could allow a door to open while driving in certain conditions - the same problem the automaker had with some cars.

In September, Ford sold 82,302 F-Series trucks, up 21.4 percent from a year earlier.



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