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What's Going On With Ford Motor Stock Today?
Ford (F.US) was fined over 0.16 billion US dollars for failing to timely recall problematic automobiles.
Ford Motor (F.US) has agreed to pay a civil fine of $0.165 billion to settle allegations that the company failed to timely recall defective automobiles with rearview cameras, marking the second largest fine ever imposed by the USA's National Highway Traffic Safety Administration. The institution stated on Thursday that Ford will pay a $65 million fine and defer paying a $55 million fine until authorities determine that the company has fulfilled its obligations under the consent order. According to the terms of the trade, Ford is also required to invest $45 million to develop safety data analysis systems and make other investments to improve its compliance with safety regulations.
NHTSA Fines Ford With Its Second-Largest Penalty in History for Delaying Recalls -- WSJ