After the federal government received reports of hundreds of complaints and news of 14 motor vehicle accidents related to braking problems in 2005 and 2006 Ford F-150 and LIncoln Mark LT vehicles, the auto maker has quickly issued a recall.
The National Highway Traffic Safety Administration’s Office of Defect Investigations ruled that Ford’s actions were sufficient to close the case and will not be taking further action.
The iconic Ford F-150 is one of Ford’s best-sellers and most profitable vehicles. Ford had surprised Wall Street with unexpectedly higher earnings last quarter, but the fallout over a big recall potentially affecting safety may cut in to the compamy’s third quarter profits.
To correct the problem, dealers will replace a hose inside the braking assembly. Ford announced that the program would start right after the July 4 holiday and said concerned owners could call the company toll-free at (800) 392-3673.
Posted under Recalls
This post was written by George Bounacos on May 15, 2008
The United States Consumer Product Safety Commission said that that the units could overheat and potentially posed a fire hazard. The agency reported receiving word of nine such incidents without injury or substantial damage.
What makes this practice especially dangerous is what happened Friday. Home furnishings giant Linens ‘n Things announced they were filing for bankruptcy protection. That filing is a danger sign, but not especially problematic. The true problem came in the details of the filing when the company said that it would close 120 of its less than 600 stores. About 15% of those stores are in California.