CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Subscribe to Real Money Newsletter Subscribe to Money Magazine Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Subscribe to Money Magazine Ask the Expert Ultimate Guide to Retirement Retirement Calculators Rules of Retirement Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Questions & Answers Innovation Nation Small Business Video 50 Best Places to Launch Resource Guide Next Little Thing Subscribe to Fortune Magazine Fortune 500 Brainstorm Tech Investing Management Executive Interviews Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Ford recall hits 4.5 million vehicles

Automaker issues largest single recall ever due to a faulty cruise control switch that could lead to a fire.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Hibah Yousuf, CNNMoney.com contributing writer

Safest hybrid cars
These five ultra-efficient vehicles have earned the Insurance Institute for Highway Safety's Top Safety Pick Award.
What do you think is the most important quality in a job?
  • Satisfying work
  • Good pay and benefits
  • Flexible hours
  • Growth opportunities

NEW YORK (CNNMoney.com) -- Ford issued the largest single recall in its history Tuesday as drivers of an additional 4.5 million vehicles were alerted about a fire hazard from a faulty switch.

The National Highway Traffic Safety Administration said this was the eighth recall, involving a total of 16 million Ford Motor (F, Fortune 500) vehicles, concerning the cruise control deactivation switch manufactured by Texas Instruments (TXN, Fortune 500).

The faulty switch can leak hydraulic fluid, overheat, smoke and then burn, and risks causing a fire even when the ignition is turned off, parked and unattended, the NHTSA said.

The risk is elevated for 1.1 million Windstars that were subject to a government investigation, said Ford spokesman Wes Sherwood.

"We determined with the government that there is a low risk of fires for those vehicles," Sherwood said. "The other 3.4 million vehicles are the remaining vehicles that have the Texas Instrument switch, so we're recalling them to reassure customers and prevent future recalls."

Sherwood added that Ford has always gone beyond recalling only the cars that present a risk.

While the company does not discuss its current suppliers, Sherwood said that Ford vehicles did not use the Texas Instrument switch in post-2003 models.

NHTSA said Ford drivers should look for warnings of possible imminent fires, including malfunctioning cruise control systems and brake lights and antilock braking system and brake light warnings on the dashboard. The safety agency also said difficulty in getting the vehicle out of the park mode should be treated as a warning.

"I urge customers to pay attention to this warning and bring the affected models in to have them repaired as soon as possible," said Transportation Secretary Ray LaHood, in a statement.

Ford is notifying customers and instructing them to take vehicles to dealers for a complimentary installation of a fused wiring harness that will eliminate the risk of fires, the NHTSA said.

The safety recall is expected to begin around Oct. 26. Owners may contact Ford at 1-800-392-3673 or NTHSA's vehicle safety hotline at 1-888-327-4236 or visit http://www.safercar.gov.

Tuesday's recall includes the following Ford models: 1995-2003 Windstars, 2000-2003 Excursion diesels, 1993-1997 and 1999-2003 F-Super Duty diesels, 1992-2003 Econolines, 1995-2002 Explorers and Mercury Mountaineers, 1995-1997 and 2001-2003 Rangers and 1994 F35 motorhomes. To top of page

Features
  • hollywood_sign.gi.04.jpg
    Silver lining of the housing bust: A protectionist group was able to buy the land around the iconic sign. More
  • european_ave_train.04.jpg
    Trains of the future are likely skipping you. Despite grand government plans, funding is small.  More
  • exterior.04.jpg
    Broadway star Scarlett Johansson is selling her L.A. pad for $2 million less than she paid. More
  • john_thain_100111.gi.04.jpg
    Former Merrill Lynch CEO John Thain is being asked to work his magic on small business lender CIT. More
  • challenger_fuscia.04.jpg
    It's Dodge's new tough-guy color for the Challenger muscle car. More
  • vanessa_corey.04.jpg
    Lenders are collecting from owners like Vanessa Corey even after a short sale or foreclosure. More
  • wild_things.04.jpg
    The $10 electronic hamsters were last year's monster hit. Meet the encore. More
Markets Last Change
Dow Jones 10,058.64 150.25 / 1.52%
Nasdaq 2,150.87 24.82 / 1.17%
S&P 500 1,070.52 13.78 / 1.30%
10-year Bond 97 25/32 Yield: 3.64%
U.S.Dollar 1 euro = $1.378 -0.001
February 9, 2010 12:00 AM ET
CompanyPrice% Change
UAL Corp 15.38 17.67%
AMR Corp 8.27 12.98%
Continental Airlines Inc 19.23 10.79%
US Airways Group Inc 6.43 8.43%
Feb 9 3:54pm ET †
More Galleries
10 sages read the future of print What becomes of the printed word? What's the fate of companies that produce periodicals and books? Here's what 10 media and tech luminaries think. More
Buy Scarlett Johansson's hilltop manse Even starlets are subject to the faltering real estate market. Just three years after buying her Los Angeles home, Johansson is selling it for $2 million less than she paid. More
I stopped looking for work The number of discouraged job seekers is at an all time high. These readers tell us what it's like to give up on the job search. More
Sponsors

© 2010 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2010 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.