In addition to the 128,000 cars vehicles recalled in Aug 2012,
Ford Motor Co.
) Indian arm Ford India Pvt. Ltd. reportedly recalled more than
166,000 Figo subcompact hatchback and Classic compact cars in
India. Ford recalled the vehicles to fix potential issues
regarding the rear twist beam (RTB) and power-assisted steering
Almost 109,469 Figo and 22,453 Classic cars are being recalled
by Ford to examine a faulty rear twist beam, which could crack,
resulting in noise and deteriorated performance and in extreme
cases could even lead to vehicle breakdown. Another 30,681 Figo
and 3,418 Classic cars are being recalled to check for oil
leakage in the power-assisted steering hose, which can result in
smoke and fire.
While both diesel- and gasoline-powered cars manufactured from
Jan 2011 to Jun 2012 are being recalled to examine the rear twist
beam, only the gasoline version cars manufactured between Jan-Aug
2010 and Mar-Nov 2011 are being recalled for the fault in the
Ford had recalled almost 128,000 cars in Aug 2012 to address
the same problem. However, the company is not aware of any
accident or injury due to these problems.
While the automobile market is witnessing growing sales, a
series of product recalls are plaguing the manufacturers. In Jul
2013, Ford recalled 972 units of diesel variant of EcoSport mini
sports utility vehicles (SUVs) in India due to a glitch in
the glow plug module, which helps in starting engines.
Moreover, last month Ford recalled 370,000 units of Ford Crown
Victoria, Mercury Grand Marquis and Lincoln Town Car sedans
manufactured from 2005 to 2011 in the U.S and Canada to replace a
General Motors Company
) also recalled the diesel version of Chevrolet Sail in India to
fix a faulty engine part earlier this month. In Jul 2013, General
Motors had recalled 114,000 Chevrolet Tavera sport-utility
vehicles (manufactured from 2005 to 2013) in India to repair
problems related to emission standards and other government
Honda Motor Co. Ltd.
), Mahindra & Mahindra Ltd. and
Toyota Motor Corporation
) also recalled vehicles in India last year due to inability to
meet the manufacturing-quality standards of the Society of Indian
Automotive safety recalls were brought into focus by media
after Toyota's announcement of the largest global recall of 3.8
million vehicles in Sep 2009, triggered by a high-speed crash
that claimed 4 lives. Later on, Toyota had to face numerous
personal injury and wrongful death lawsuits in federal courts,
hampering its image.
Ford currently carries a Zacks Rank #2 (Buy).
FORD MOTOR CO (F): Free Stock Analysis Report
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