Ford Motor will recall 3 million older vehicles due to potential issues with their airbag inflators, costing the automaker an estimated $610 million.
The company confirmed the cost in a filing Thursday with the Securities and Exchange Commission after the closing bell. Ford stock fell into the red during after-hours trading, down about 2%. The shares ended Thursday up 6.2% at $11.53 a share — the stock’s highest close since June 2018. Ford’s market cap is more than $45 billion.
The impacted vehicles range from model years 2006 through 2012. They include Ford Ranger (2007-2011), Fusion (2006-2012), Edge (2007-2010), Lincoln MKZ/Zephyr (2006-2012), MKX (2007-2010), and Mercury Milan (2006-2011) vehicles.
The recall will affect approximately 2.7 million vehicles in the US and about 300,000 in Canada and other locations, the company said.