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The Ford Motor Company has agreed to notify owners of almost 23 million Ford cars and pickup trucks of possible problems with the gear selectors of their automatic transmissions. In a settlement negotiated with the National Highway Traffic Safety Administration, Ford also agreed to send owners of the vehicles, made between 1970 and 1979 a safety warning label to be permanently affixed on the dashboard or sun visor or some other prominent place. As a result of the settlement, Ford was saved the expense of a recall of 16 million vehicles that could have cost the automaker millions of dollars.

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