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
