Recalls pile up at record rate

|By:, SA News Editor

Ford (F +1.1%) will recall 74K Ford Escape and Mercury Mariner vehicles to address a potential power steering issue.

The latest action follows closely on the heels of recalls from Suzuki (SZKMY) and Toyota (TM).

All told, automakers have recalled over 20M vehicles in the U.S. this year and are on a pace which would easily eclipse the all-time record of 30.8M in a single year.

GM accounts for about 66% of the recall tally.