Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

The Truth About Ford Motor Company (F)’s Recalls

Page 1 of 2

Ford Motor Company (NYSE:F)’s Michigan Assembly Plant. Photo Courtesy of Ford.

Last Friday The Detroit News reported the latest in Ford Motor Company (NYSE:F)‘s round of vehicle recalls, noting that it would call back 465,000 vehicles for leaky fuel tanks and fire risks. Unfortunately for the Detroit automaker, it isn’t the first issue that has made headlines over the last year as Ford’s Escape and Fusion have been involved in numerous recalls.

Ford Motor Company (NYSE:F)

However, if you were a general reader and glanced at these headlines you’d expect Ford to be near the top of vehicle recalls by manufacturer, but that’s far from the truth. I dug deeper into past recall numbers, and was surprised at what I found.

By the numbers
I bet you’d be surprised to hear that in 2012 General Motors Company (NYSE:GM)‘s and Ford’s vehicle recalls combined were less than Toyota Motor Corporation (ADR) (NYSE:TM)‘s or Honda Motor Co Ltd (ADR) (NYSE:HMC)‘s . Toyota took the top spot with 5.3 million vehicles recalled last year, which was nearly 2 million more than its Japanese rival Honda at 3.4 million. Ford and GM came in with significantly fewer recalls at 1.4 and 1.5 million, respectively. That’s not an unusual result either; take a look at the graph below for cumulative recalls over the last three years:

Involved in Ford Motor Company (NYSE:F)’s recent recall of 465,000 vehicles are the 2013 Explorer, Taurus, Flex, and Fusion as well as the Lincoln MKS, MKT, and MKZ models. According to Detroit News, Ford received about 600 complaints of fuel leaks by the end of March. With the leaks a potential cause of fires, there’s no doubt that this is an important issue to fix proactively, before a mandated recall, as Ford is doing.

To help put the number of recalled vehicles in perspective, here is another recent recall for comparison. In January, Toyota recalled 1.29 million vehicles for two defects. Over 907,000, mostly Corolla models, were recalled for faulty air bags and 385,000 were recalled for defective wipers. While I’m sure the wiper issue won’t cause uproar, Toyota had another string of airbag recalls in April where it had to hunt down an additional 170,000 vehicles for defective airbags.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!