2018-2022 Ford Safety Recall Triggers Emergency Shareholder Meeting as DOT Investigation Looms Over 1.3 Million Vehicles
Less than 48 hours after DETROIT, MI—Ford Motor Company faces a high-stakes crisis as a massive 2018-2022 Ford safety recall escalates into a regulatory and financial storm affecting over 1.3 million F-Series trucks and SUVs. The National Highway Traffic Safety Administration has opened a formal investigation into defective transmission components linked to 345 reported rollaway incidents and 17 injuries, directly slashing Ford’s stock by 4.2% in pre-market trading. CEO Jim Farley ordered an emergency executive briefing Tuesday, prioritizing a $620 million reserve for repairs and potential legal settlements. “This is a binary moment for our safety algorithm and supply chain integrity,” a source told Reuters. Investors are dumping shares as class-action lawsuits pile up, and a public confidence crash threatens Q3 deliveries. Immediate action: Ford is fast-tracking replacement modules while briefing the White House on compliance risks.