Ford Motor Company (NYSE: F) on Thursday announced plans to recall approximately 2 Million select 2015-2018 Ford F-150 in North America to address seat belt pretensioners.
The Michigan-based auto maker said it was aware of 17 reports of smoke or fire in the United States and six in Canada. Ford is not aware of any accidents or injuries as a result of this condition.
According to Ford’s investigation: “some front seat belt pretensioners can generate excessive sparks when they deploy. When sufficient sparks are present, gases exhausted inside the lower portion of the B-pillar by the pretensioners may ignite. If this gas ignites, components behind the B-pillar such as insulation and carpet may subsequently catch fire.”
Most of the affected vehicles are in U.S., while some are in Canada and Mexico. The second-largest U.S. automaker said there are approximately 1,995,776 vehicles in North America relating to this concern, with 1,619,112 vehicles in the United States and its federalized territories, 339,884 in Canada and 36,780 in Mexico.
Ford shares fell 0.47% to USD 9.45 per share in the early trading on Thursday. The stock was down about 24% this year.
F-150 is one of the best-selling vehicles in the U.S. The mass recall may affect Ford’s profitability. The Company expects to incur about USD 140 Million in expenses in its third quarter related to the recall.