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Ford to Provide Own Warranty on Tires

Author:

Ford

(F) - Get Ford Motor Company Report

will provide its own tire warranty on 2001 and subsequent Ford, Lincoln and Mercury car and light truck models in North America, after a year in which the automaker was criticized for its association with a

massive recall of

Firestone

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tires.

All vehicle components are now covered by Ford's bumper-to-bumper warranty. Historically, only the tire manufacturer provided the tire warranty. The warranty will provide for replacement of tires for defects in material or workmanship at no charge during the vehicle's coverage period.

Shares of Ford, which is based in Dearborn, Mich., recently gained $1.06, or 4.5%, to $24.50 in

New York Stock Exchange

composite trading.