Summary
Ford Motor Company has announced a field service action to address a seatbelt pretensioner issue affecting certain model year 2015 through 2018 Regular Cab and SuperCrew Cab trucks. This voluntary recall will primarily impact the North America business unit and is estimated to cost approximately $140 million. The expense will be recognized in Ford's third quarter 2018 financial results.
Key Highlights
- 1Field service action announced for seatbelt pretensioner issue in certain 2015-2018 F-150 trucks (Regular Cab and SuperCrew Cab).
- 2Estimated cost of the field service action is $140 million.
- 3The expense will be recorded in the third quarter of 2018.
- 4The majority of the cost will be borne by the North America business unit.
- 5Ford reaffirms its full-year 2018 adjusted earnings per share guidance of $1.30 to $1.50.
Frequently Asked Questions
Ford is initiating a field service action to address a potential issue with seatbelt pretensioners in specific model years of their trucks.
The action affects certain model year 2015 through 2018 Regular Cab and SuperCrew Cab trucks.
The estimated cost for this field service action is approximately $140 million. This expense will be recognized in the third quarter of 2018.
No, Ford has reaffirmed its full-year 2018 adjusted earnings per share guidance to be in the range of $1.30 to $1.50, indicating they have factored this cost into their outlook.