Ford Takes Big Hit From $267 Million F-Series Pickup Recall

Ford Motor Company has announced the recall of 1.3 million F-series trucks. Yes, one of the biggest car companies in the world is recalling a significant number of its best-selling—and most profitable—models. The company suspects this could cost its North American unit roughly $267 million as we close out 2017.

America’s second-largest automaker said that the side doors of some F-150 and Super Duty pickup trucks may not open or can appear to be closed when they are not fully latched (meaning they can spring open). Fortunately, the company is not aware of any associated accidents or injuries, but the discovery has led to the company adding water shields on some models released between 2015 and 2017.

In a press release, the company said, “In affected vehicles, a frozen door latch or a bent or kinked actuation cable may result in a door that will not open or will not close condition. Should a customer be able to open and close the door with these conditions, the door may appear closed, but the latch may not fully engage the door striker with the potential that the door could open while driving, increasing the risk of injury.”

This recall, of course, comes at quite an unfortunate time. Not only are retailers of all sorts struggling throughout the country, but the auto industry is having quite a tough time of late. Recalls, of course, have plagued the industry but the Congressional fuel economy demands and more green vehicle demands from consumers are really putting the pressure on carmakers.

In addition, though, Ford has been particularly struggling since new chief executive officer Jim Hackett is looking to win favor in Wall Street over a new plan to cut $14 billion in costs that, he hopes, will expedite the development, release, and sale of self-driving and electric cars. Because the F-series pickup is the company’s most popular and profitable lineup, the plan was to use its profits to underwrite the new initiative. It might not be quite that easy after this recall, of course.

In all, the Ford F-series pickup recall affects about 1.1 million trucks in the United States as well as more than 222,400 in Canada and about 21,000 more in Mexico.

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