by InvestorPlace Staff | July 27, 2012 10:51 am
Ford Motor (NYSE:F) has recalled almost 485,000 Escape SUVS made between 2001 and 2004, a week after the National Highway Traffic Safety Administration launched an investigation into reports of sticking gas pedals.
The regulator had received 68 complaints that the car’s cruise control cable could catch on the engine’s plastic cover, causing the accelerator to stick. The problem has caused 13 reported crashes, including one that resulted in the death of a teenage girl.
According to Ford, the problem only occurs in models with 3-liter V-6 engines when the throttle is pushed near the floor and the cruise control cable has been bent or otherwise moved from its original position.
This is the third recall this month for the automaker, which last week recalled 1o,000 2013 Escapes over carpeting that inferred with brake pedals, followed by an additional 11,500 of the model due to cracked fuel lines.
Ironically, the NHTSA is investigating the possibility that the most recent problem was caused during a 2004 recall to fix an accelerator cable defect.
Despite the company’s setbacks, Ford stock was not negatively affected by the news, and in fact was slightly up Friday morning.
– Ryan Hauck, InvestorPlace
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