Ford allocates US$295m for re­calls

New Straits Times - - Business -

NEW YORK: Ford has set aside US$295 mil­lion (RM1.3 bil­lion) in the first quar­ter for four safety re­calls af­fect­ing more than 440,000 ve­hi­cles in North Amer­ica. The big­gest group of af­fected ve­hi­cles (230,000 units) com­prise sedans and light trucks from model years be­tween 2013 and 2015 that have a risk of un­der-hood fires. Ford said there were 29 re­ported fires, but no in­juries due to the de­fect. An­other group (211,000 units) was an ex­pan­sion of a pre­vi­ously an­nounced safety an­nounce­ment.

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