In an announcement on Wednesday, Ford Motor Co. (NYSE:$F) said it would be recalling 1.3 million 2015-2017 Ford F-150 and 2017 Ford Super Duty trucks in North America. The reason for the recall is to add water shields to side door latches. This operation will cost $267 million.
The company stated that the recall was due to a problem that caused frozen door latches or kinked actuation cables in the affected vehicles, which could result in doors being unable to open.
Ford also stated that it did not have a timeline for when the parts would be available, but also said that customers would be directly notified next month if their vehicle was recalled.
Since 2016, Ford has recalled more than 5 million vehicles for door latch related issues. However, Ford stated that the new problem was unrelated to the previous recalls.
The cost of the recall would factor into Ford’s fourth quarter, they said. They also stated that they predict $1.65 to $1.85 per share earnings adjusted for the full year.
No injuries have been reported to the company so far, but they also noted that the latch problem can cause vehicle doors to appear closed when they are not, putting drivers at risk. Previously disclosed information indicated that company plans to spend $935 million on other recalls announced since August 2016.
This is only the latest in a series of latch related recalls for the truck manufacturer. Ford said it would spend $295 million to recall 211,000 vehicles in North America back in March. That recall was also to repair potentially faulty side door latches. An additional 230,000 vehicles were also to be recalled due to a risk of under the hood fires.
Since 2014, six separate recalls have gone out, covering about 4 million vehicles.
In morning trading on Wednesday, shares of the automotive dealer dropped 0.7%.
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