Ford's Costly Recall: Automaker Allocates $270M For Rearview Camera Fixes After Its Vehicles Hit Snag
Ford Motor Co (NYSE:F) said on Friday that it will incur an estimated $270 million to service several of its vehicles. The announcement comes on the heels of Ford issuing a recall for over 169,000 of its vehicles, citing issues with its rearview camera.
What Happened: About $270 million will be spent to replace the rearview cameras and update software in certain vehicles, Ford said in a filing before the Securities and Exchange Commission.
The vehicles, which will undergo these service actions, include certain 2020-2023 Explorer and Aviator vehicles, 2020-2022 Corsair vehicles, 2022-2023 Transit vans, 2018-2021 Navigator vehicles, and 2021 Bronco vehicles.
The filing comes on the heels of Ford issuing a recall for 169,277 vehicles for an issue pertaining to its rearview camera. Customers may experience a full blue or black image on their screen when reversing, increasing risks of a crash, the company noted in a filing with the National Highway Traffic Safety Administration (NHTSA).
As for a solution, the company said that it will replace the rearview camera and update software on affected vehicles, free of costs to customer.
Why It Matters: Ford has issued recalls for its vehicles owing to issues with the rearview camera before too. In May, the automaker issued a recall for 422,000 vehicles citing a similar issue.
Ford did not immediately respond to Benzinga’s request for comment.
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Posted-In: electric vehicles EVs mobility National Highway Traffic Safety Administration (NHTSA) rearview camera SECNews Tech
