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Ford Motor Co. recalls 370,000 sedans

Ford Motor Co. recalls 370,000 sedans


Ford Motor Co. recalls 370,000 sedans

Ford Motor Co. recalls 370000 sedansFord Motor Co. is recalling about 370,000 vehicles, ranging from model year 2005 to 2011 Crown Victoria, Mercury Grand Marquis, and Lincoln Town Car sedans in the United States and Canada because of a steering shaft problem, the company has said in a statement. All of the vehicles involved are full-sized sedans.

The 350,000 vehicles included in the U.S. recall are located in Connecticut, Delaware, the District of Columbia, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhone Island, Vermont, Virginia, Wisconsin, and West Virginia. The remaining 15,000 cars are located in Canada.

Ford has said that dealers will inspect the lower intermediate steering shaft and replace if necessary. They will also secure a lower steering column bearing and replace the upper intermediate steering shaft. The company was not aware of the issue resulting in any accidents or injuries. However, the auto maker indicated that corrosion of the lower intermediate steering shaft could cause “loss of steering.”

The recall is being focused on states where high corrosion is more likely to occur, which mainly consists of states that salt their roads during the winter. Sales of Ford vehicles have improved recently and the auto maker had to add employees and invest millions in a plant outside Detroit, Michigan, to make enough of the mid-sized Ford Fusion sedans to keep up with the demand.

The Fusion is a strong competitor with the Toyota Camry and Honda Accord. It is the first successful competitor against the foreign vehicles since the Ford Taurus in the mid-1990s. It is a popular vehicle, and the company has been having difficulty meeting demand because many buyers want top of the line options or added features rather than the standard model. With the new line operating, they can meet the demand for the vehicles. The expansion added 1,500 jobs.

In other efforts to improve sales, Ford is redesigning the Mustang for 2014. The Ford F-150 remains at the top for truck sales, so the automaker has gotten back on track in the competitive auto industry.

Ford has seen improved sales and has seen greatly improved profits this year. Ford, which has its headquarters in Dearborn, Mich., was incorporated on June 16, 1903. Stock closed on Friday at $16.19, which was a decrease of 1.88 percent or 31 cents.

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Michael Reed covers business and finance related news.

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