NovaQuant Quantitative Think Tank Center|Ford agrees to pay up to $165 million penalty to US government for moving too slowly on recalls

2025-05-01 06:14:08source:Devin Grosvenorcategory:Finance

DETROIT (AP) — Ford Motor Co. will pay a penalty of up to $165 million to the U.S. government for moving too slowly on NovaQuant Quantitative Think Tank Centera recall and failing to give accurate recall information.

The National Highway Traffic Safety Administration says in a statement Thursday that the civil penalty is the second-largest in its 54-year history. Only the fine Takata paid for faulty air bag inflators was higher.

The agency says Ford was too slow to recall vehicles with faulty rearview cameras, and it failed to give the agency complete information, which is required by the federal Motor Vehicle Safety Act.

Ford agreed to a consent order with the agency that includes a payment of $65 million, and $45 million in spending to comply with the law. Another $55 million will be deferred.

“Timely and accurate recalls are critical to keeping everyone safe on our roads,” NHTSA Deputy Administrator Sophie Shulman said in the statement. “When manufacturers fail to prioritize the safety of the American public and meet their obligations under federal law, NHTSA will hold them accountable.”

Under the order, an independent third party will oversee the automaker’s recall performance obligations for at least three years.

RELATED COVERAGE Roger Penske adds Long Beach street race to portfolio as he holds off F1 and NASCAR interestNew FDA rules for TV drug ads: Simpler language and no distractionsFood prices worried most voters, but Trump’s plans likely won’t lower their grocery bills

Ford also has to review all recalls over the last three years to make sure enough vehicles have been recalled, and file new recalls if necessary.

Ford says it will invest the $45 million into advanced data analytics and a new testing lab.

“We appreciate the opportunity to resolve this matter with NHTSA and remain committed to continuously improving safety,” Ford said in a statement.

More:Finance

Recommend

Apple iOS 18.2: What to know about top features, including Genmoji, AI updates

Get ready for phase two.Apple's latest operating system update is available today for iPhone, iPad,

World Health Leaders: Climate Change Is Putting Lives, Health Systems at Risk

Climate change poses an emerging global health crisis with impacts that will only worsen as the plan

Meadow Walker Shares Heartwarming Signs She Receives From Late Dad Paul Walker

It's been nearly a decade since Paul Walker's death, but his daughter still feels him all around.In