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.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.