Ford is recalling 90,736 vehicles in response to a potential safety issue involving engine intake valves, according to a statement from the National Highway Traffic Safety Administration (NHTSA) on Saturday. The recall affects several models from the 2021-2022 production years, including the Bronco, F-150, Edge, Explorer, Lincoln Nautilus, and Lincoln Aviator, all equipped with either a 2.7L or 3.0L Nano EcoBoost engine.
The concern centers around the possibility of engine intake valves breaking while driving, which could lead to engine damage and pose a risk to vehicle occupants. To address the issue, Ford dealers will perform an engine cycle test and, if necessary, replace the engine free of charge. The NHTSA urges affected owners to contact their dealers promptly to arrange for the inspection and any required repairs.
Market Impact
This recall could have mixed implications for Ford's market performance. On the one hand, the proactive recall might be seen positively as it demonstrates Ford’s commitment to safety and customer service, potentially strengthening consumer trust. On the other hand, the cost associated with the recall, including potential engine replacements, could weigh on the company's financials and might lead to short-term negative sentiment among investors. The market's reaction will likely depend on how Ford manages the recall process and any further developments regarding the scope of the issue.
@Jasikaran Vickneswaramoothy is a legal reporter for the Swiss Financial Times.
