The manufacturer reports that certain vehicles may be fitted with airbag initiators that contain an incorrect chemical mixture.
If the condition occurs, the incorrect chemical mixture may cause the airbag to not initiate in the event of a collision, posing a risk of injury to occupants of the vehicle.
Ford says there have been no reported cases of the fault in Australia.
The company has confirmed that 92 Everests and 1114 Rangers are affected locally.
Owners of the recalled off-roaders and utes will be contacted by Ford Australia, and will be advised to contact their local dealer to have their vehicle inspected and repaired free of charge.
Until the work can be completed, the company advises that owners drive their vehicles with caution and at "moderate speed". For more information, contact 1800 503 672.