Ford Losing Tons Of Money To Recalls This Year

According to the National Highway Traffic Safety Administration (NHTSA), Ford has issued 42 recalls this year, affecting more than 4.6 million vehicles. That number is the most out of any automaker. Contributing to this number was the recall of nearly 900,000 F-150sannounced last Julyfor a problematic rear axle wiring harness bundle.

TheFord Broncoalso had the company costing some dime. Last May, theautomaker recalled more than175,550 units of its midsize SUV off-roader for a design flaw found on the seatbelt. The report stated the design flaw could discourage passengers from using safety belts, leading to injuries or even death.

More recently, the company is facing a class-action lawsuit for analleged life-threatening defectthat puts thousands of vehicles at risk of catching fire. Ford hybrid models - such as the Escape and Maverick - equipped with the 2.5-liter Duratec Atkinson-cycle four-cylinder engine are recalled for this issue.

年代tellantis is the second on the list, with models like the Jeep Grand Cherokee andDodge Ram 1500 recalled this year.

Ford CEO Jim Farley is well aware of the situation, and he vows thecompany will fix it. However, it would take some time, even saying maybe several years. Until that day comes, Ford will continue losing tons of money to recall.