NHTSA Fines Ford With Its Second-Largest Penalty in History for Delaying Recalls
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The National Highway Traffic Safety Administration (NHTSA) has fined Ford for delaying the recall of over 600,000 vehicles with defective parts. This is the second-largest penalty in NHTSA's history.
November 14, 2024 | 4:15 pm
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Ford has been fined by the NHTSA for delaying the recall of over 600,000 vehicles with defective parts, marking the second-largest penalty in the agency's history.
The fine from NHTSA is significant as it is the second-largest in history, indicating serious regulatory issues for Ford. This could negatively impact Ford's stock price in the short term due to potential reputational damage and financial costs.
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