In Security Exchange Commission filings, the Dearborn, Michigan-based automaker said the recall is expected to cost $267 million. Ford cited a "frozen door latch" or a "bent or kinked actuation cable", which may prevent the vehicle's doors from opening or closing.
Spurs, Aldridge agree to 3-year, $72M extension
The San Antonio Spurs and LaMarcus Aldridge have agreed upon a three-year, $72.3 million contract extension. The extension means Aldridge will actually take a pay cut for the 2017-18 season and earn US$21.4 million.
In an effort to remedy the problem, Ford dealerships will be instructed to inspect the door latches and actuation cables.
A Ford spokeswoman, Elizabeth Weigandt, said customers would be notified next month but did not have a timetable for when parts will be available. The Ford reference number for this recall is 17S33. The second-largest US automaker also said its full-year adjusted earnings per share will still be in the range of $1.65 to $1.85 a share. Ford's F-Series line remained the top-selling vehicle in the country in 2016.
Australia stands unflinching amid North Korea's nuclear threats
The country pledged to continue supporting the United States in their effort to curb North Korea's blind nuclear ambitions.
What Owners Should Do: Ford did not immediately announce an owner notification schedule.
The recall is for a faulty driver's side door that may allow the door to open unexpectedly while the vehicle is moving.
Sensex, Nifty touch record high
Hong Kong's Hang Seng was trading higher by 0.94 per cent, while Shanghai Composite rose 0.14 per cent in late morning trade. The rally came on the back of widespread gains led by metal, auto, FMCG, banking and oil & gas stocks.
Of the 1,344,605 vehicles affected in North America, just over 1.1 million are in the United States, with 222,408 located in Canada and another 21,000 in Mexico.