Ford hit with $165M penalty from NHTSA, second-highest in agency's history
Ford Motor(F) Fox Business·2024-11-16 02:06
The National Highway Traffic Safety Administration (NHTSA) imposed a $165 million civil penalty on Ford as part of a consent decree, after determining the automaker failed to recall vehicles with defective rearview cameras in a timely manner. The penalty, which is the second-highest ever issued by the agency in its 54-year history, involves an upfront payment of $65 million, with an additional $55 million deferred and $45 million for performance obligations, NHTSA said. Ticker Security Last Change Change % ...