This Is the Largest Car Recall in History

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
This Is the Largest Car Recall in History

© gopixa / iStock Editorial via Getty Images

General Motor’s Chevy division recalled some of its Bolt EV models because of potential engine fires. The embarrassment and bad publicity for the “Tesla killer” was compounded by the fact that it was the second recall of the model. Approximately 69,000 of them were recalled in an action that covered models from 2017, 2018, and a portion of those made in 2019. The batteries in question were made by LG Chem, and company based in South Korea. The recall was tiny when measured against the industry’s largest recalls.

The largest recall of a car model by far was the one Ford made in 1981. It covered 21 million units. It is worth recalling, for contrast, that the best years for total car sales in U.S. history are those when 17 million vehicles are sold.

The cars in question killed 98 people, injured 1,710, and were involved in over 6,000 accidents according to Parker Waichman LLP. Ford did not repair the problems. It sent out warning labels to the 21 million owners which said they should engage the parking brake when they stopped before they turned off the engine. Parker Waichman wrote the cars had a “defective parking gear that would allow the transmission to slip into reverse after being shifted into park.”

[nativounit]

The Center for Auto Safety says the problem predated the recall by several years:

The Center for Auto Safety first called NHTSA’s attention to the problem in July 1977, and shortly thereafter NHTSA instituted an investigation into 1966-79 Ford vehicles with C-6 or FMX transmissions.

The Center claims that the NHTSA  ignored the problem at first.

24/7 Wall St. covered the recall as well:

The largest auto recall occurred in early 1981, when the Ford Motor Company announced the recall of 21 million Ford, Lincoln, and Mercury vehicles from the 1970 through 1980 model years. The recalled vehicles contained defective parking gear that could fail to engage after the vehicle was shifted to park, often leaving the car in reverse. Instead of issuing repairs, Ford provided car owners with a dashboard sticker warning them to set the parking brake and shut off the ignition before exiting the car, lest “unexpected and possibly sudden vehicle movement” occurs.

For perspective, the Ford recall involved 300 times more vehicles than the new Chevy Bolt one does.

Click here to see which is the slowest-selling car in America.

[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618