Ford’s Still Losing So Much Money to Recalls in 2023

Another recall has come from Ford on top of an already difficult run with quality across several models in its lineup. This time, Ford will have to pony up $270 million to fix faulty rearview cameras across several of its SUVs and vans, adding another healthy loss to its balance sheet of 42 recalls affecting 4.2 million vehicles in one year.

According to Automotive News, a document filed with the U.S. Securities and Exchange Commission (SEC) outlines how Ford will spend $270 million fixing rearview cameras on 2020-2023 Ford Explorer, 2020-2023 Lincoln Aviator, 2020-2022 Lincoln Corsair, 2022-2023 Ford Transit, 2018-2021 Lincoln Navigator, and 2019 Ford Bronco models. More than 422,000 Explorer, Aviator, and Corsairs were affected, with the recall originally starting in May to fix blue or black screens when vehicles were in reverse or using the 360-degree camera system.