Ford recalls 3,500 newly shipped 2019 Ranger pickups

By AutoFOXBusiness

Ford CFO: We expect the business to improve in 2019

Ford CFO Bob Shanks discusses the automaker’s fourth-quarter earnings and why he expects the business to improve in 2019.

The Ford Ranger, a new mid-size pickup that just recently started shipping to dealers, is already facing a recall due to an issue with the part that prevents a driver from shifting the vehicle out of park without first pressing down on the brake.

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While early in the sales cycle, the stumble is the latest blackeye for the Dearborn, Mich.-based company, which is in the midst of an $11 billion restructuring plan. The safety recall announced on Wednesday will affect roughly 3,000 Rangers in the U.S. and 500 in Canada, all built in the company’s Michigan assembly plant.

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Ford said it is not aware of any accidents or injuries as a result of the defect, which allows some drivers to shift without engaging the brake.

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The company is hoping the Ranger and other new models – like the updated F-Series Super Duty unveiled on Tuesday – will reignite sales and help turnaround profits after several quarters of decline.

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Ford lost $116 million in the fourth quarter, amid sales declines in China.