graphic
Personal Finance > Your Home
Ford recalls 3.3M cars
December 22, 1998: 4:02 p.m. ET

Taurus, Sable, Continental models need fix for corrosion problem
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - About 3.3 million Taurus, Sable and Continental cars are being recalled by Ford Motor Co. for possible corrosion problems.
     The 1986-1995 Tauruses and Sables, and 1988-1994 Lincoln Continentals were originally sold or registered in the Northeast and Midwest states, Washington D.C., and seven Canadian provinces.
     The automaker said the use of salt during snowy weather in those areas could cause the mounts at the rear corners of the subframe, which supports the engine and transmission, to separate due to corrosion.
     Ford said that when the mounts separate, the rest of the subframe can drop, causing steering problems.
     Ford said it believes only about 1 percent of the vehicles being recalled are affected by the problem.
     A spokeswoman for Ford said the problem was mentioned in reports involving seven accidents and two injuries.
     Ford said owners of affected vehicles would be notified by mail. The company said it was asking owners to bring their vehicles to dealers for installation of new reinforcement plates, attaching bolts and plate nuts.
     Ford (F) also announced the recall of 170,000 1996-1999 Crown Victoria police, fleet, taxi and natural gas vehicles and Town Car limousines for a ball joint concern. And it recalled 19,000 Super Duty F-series motor home chassis vehicles for an accelerator cable concern.
     Ford stock was up 15/16 to 56-5/16 in late-afternoon New York Stock Exchange trading.Back to top

  RELATED STORIES

Chrysler recalls 685,000 cars - Oct. 7, 1998

  RELATED SITES

Ford

Portfolio manager


Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney




graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.