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Personal Finance
Venezuela mulls Ford ban
May 24, 2001: 11:51 a.m. ET

Nation's consumer protection agency calls for ban on Explorer sales
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NEW YORK (CNNfn) - Venezuela's consumer protection agency said Thursday it is asking for a ban on the sales of Ford's top-selling Explorer sport/utility vehicle in the country following accidents tied to rollovers.

The state's consumer agency (INDECU) said it suspects that problems with the vehicle and not the tires had caused fatal crashes, and it would ask the nation's public prosecutor to back its call for the ban of the S/UV.

INDECU director Samuel Ruh Rios told Reuters that studies carried out by the institute since August last year showed that out of 50 accidents in Venezuela involving Ford Explorers, only one had involved a vehicle using Firestone tires. More than 35 people have died in the accidents.

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"This raises the idea that it's not the tires, that it's problems in the vehicle," Ruh Rios said.

A Ford (F: down $0.49 to $25.30, Research, Estimates) spokesman said the company has received no official notification of such a move in Venezuela, calling it a "wild speculation," the Wall Street Journal reported Thursday.

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"We feel confident that we have all the technical backing to support the integrity of the vehicle," the paper quoted the Ford spokesman as saying.

Ford announced Tuesday it is replacing up to 13 million Firestone-tires on its vehicles, doubling the number of tires exchanged in last year's recall, prompted by new data that raised concerns of tread separation in  Firestone Wilderness tires. graphic


--from staff and wire reports

  RELATED STORIES

Ford talks to othe tiremakers about Firestone replacement - May 23, 2001

Ford to replace 13 million Firestone tires - May 22, 2001

Special Reports:Ford-Firestone recall





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.